If fixed costs are $500,000 and variable costs are 60% of break-even sales, profit is zero when sales revenue is $930,000 Select one: True False Drag and drop the suitable word - from the list- in the blank A direct cost of one cost object be an indirect cost of another cost object can cannot Firm X and Firm Y are competitors within the same industry. Firm X produces its product using large amounts of direct labor. Firm Y has replaced direct labor with investment in machinery. Projected sales for both firms are 15% less than in the prior year. Which statement regarding projected profits is true? a. Firm Y will lose more profit than Firm X. b. None of these answers is correct c. Neither Firm X nor Firm Y will lose profit. d. Firm X will lose more profit than Firm Y. e. Firm X and Firm Y will lose the same amount of profit, The following information is taken from the financial records of Gunner Manufacturing: $45,000 48,000 Cost of materials used Direct labor costs Factory overhead Work in process, beginning Work in process, ending 39,000 18,000 28,000 What is the cost of goods manufactured? a. $122,000 b. More information is needed c. $132.000 d. $142,000 e. $178,000