Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Hey Co. Corp. vid the following inventory mounts: 9/30/2020 12/31/2020 Rus/ materials ??? 56572 WIE 95374 83310 of materials to work in process. . Finished

image text in transcribed

Hey Co. Corp. vid the following inventory mounts: 9/30/2020 12/31/2020 Rus/ materials ??? 56572 WIE 95374 83310 of materials to work in process. . Finished goods 47892 45162 During Q4 2020, the company purchased of rar: materials and transferred 160000 Hey Couses full absorption costing. How much raw inaterials did Hey Co. have at 9/30/2020? 155000 Answer: variable manufacturing overhead varable non-manufacturing overhead During Q4 2020 Hey Co. incurred the following costs: direct labor : How much is the cast of goods sold for Q4 2020? fixed manufacturing overhead 11000 13000 and fixed non-manufacturing overhead 120100 25000 17000 Answer: S 200000 Notwithstanding the answer you got to the ast question, assume the OOCS was actually Hey Co. arned revenue of Q4 2020 Whatva Hey Co. Sprofit margin in 01? Answer: Using the numbers provided in the immediately prior question calculate the gross margin percentage Round to the touch of a percent and write as the amount of excrcent. For example, if you cakula 26.68 yru should writ is the wr. 26.9 fullsme

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started