Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need fast help in these questions. I have only 30 minutes, please do not need explanations. Just tell correct answers fast please. 24) Last
I need fast help in these questions. I have only 30 minutes, please do not need explanations. Just tell correct answers fast please.
24)
Last year, Fabre Company produced 20,000 units and sold 18,000 units at a price of $12. Costs for last year were as follows: $25,000 35,000 Direct materials Direct labor Variable factory overhead Fixed factory overhead Variable selling expense Fixed selling expense Fixed administrative expense 12,000 37,000 9,000 7,500 15,500 Fixed factory overhead is applied based on expected production. Last year, Fabre expected to produce 20,000 units. What is operating income for last year under variable costing? $91,780 O $66,350 O $78,400 O $111,800 $82,200 Question 25 3.75 points Save During the month of January, Robinson & Green Inc. had total manufacturing costs of $121,000. It incurred $44,000 of direct labor cost and $33,000 of manufacturing overhead cost during the month. If the materials inventory on January 1 was $3,300 less that the materials inventory on January 31, what was the cost of materials purchased during the month? $37,000 O $47,300 $40,000 None of these A Moving to another question will save this response. Save Question 26 3.75 points In July, Noel & Vang Company purchased materials costing $23,100 and incurred direct labor cost of $19,800. Manufacturing overhead totaled $35,200 for the month. Information on inventories was as follows: July 1 $6,820 770 July 31 $7,810 Materials 1,320 Work in process Finished goods 3,630 2,970 What was the total manufacturing costs in July? $50,000 $69,600 $71,000 $77.110
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started