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Given: From the Balance Sheet Raw materials inventory Work in process inventor Finished goods inventory Beginning $ 1,337,000 1,605,000 $ Ending 1,751,000 1,342,000 1,072,000 Notes:
Given: From the Balance Sheet Raw materials inventory Work in process inventor Finished goods inventory Beginning $ 1,337,000 1,605,000 $ Ending 1,751,000 1,342,000 1,072,000 Notes: The average price i $ 5.00 per unit Direct material is variable but direct labor is fixed Fifty percent of overhead costs are variable Twenty percent of selling and general expenses are variable From the Cost Accounting Information System Net sales $ 11,120,000 Raw materials purchased 2,082,000 Direct labor 1,334,400 Total overhead 1,779,200 Selling and general expenses 3,224,800 2. (1 point each) Match the following decision context to the revelant cost below. Decision contexts: Special order Outsource Add new product Discontinue product line None of the above Differential production costs payable to new supplier Differential variable costs traceable to one customer Lost contribution margin from the product line Lost contribution margin from a substitute product currently being sold Sales price that the new customer is offering to pay Avoidable production costs currently being incurred Sunk costs
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