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I need the answers of questions 4 and 5 with explainations 4. An employee accidentally overstated the year's advertising expense by $50,000. Which of the
I need the answers of questions 4 and 5 with explainations
4. An employee accidentally overstated the year's advertising expense by $50,000. Which of the following correctly depicts the effect of this error? A. Cost of goods manufactured will be overstated by $50,000. B. Cost of goods sold will be overstated by $50,000. C. Both cost of goods manufactured and cost of goods sold will be overstated by $50,000. D. Cost of goods sold will be overstated by $50,000, and cost of goods manufactured wi be understated by $50,000. E. None of these. Page 3 of 1 5. Which of the following companies would likely use a process-costing system? TIT Chemical Producer Yes Yes Soft Drink Custom Furniture Manufacturer Yes Bottler Yes No Yes No Yes No C. Yes Yes No D. Yes No No E. A. Choice A B. Choice B C. Choice C D. Choice D 2 of 12 E.Choice E e antrihutinn marain ratin is 15% If the degree of operating leverage CStep by Step Solution
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