Question
Fini Dover Corporation has a targeted sales volume of $211,000. The company's variable cost ratio is 48%, and targeted after tax net income is $28,990.
Fini
Dover Corporation has a targeted sales volume of $211,000. The company's variable cost ratio is 48%, and targeted after tax net income is $28,990. If the companys tax rate is 35%, then Dovers total fixed costs are:
a.$72,290
b.$102,840
c.$80,730
d.$65,120
e.$18,451
f.$56,680
g.$109,720
h.None of the above
Thomas Inc. reported the following for the month of June:
Cost of goods sold: $78,900
Work in process inventory, June 1: $18,400
Finished goods, June 1: $24,500
Work in process inventory, June 30: $22,500
Finished goods, June 30: $19,700
What was the cost of all goods completed during June?
a.$83,700
b.$74,100
c.$78,900
d.$83,000
e.$98,600
f.$59,200
g.$78,200
h.None of the above
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