Mary Poppins, LLC is a manufacturer of umbrellas. During the previous period, $900,000 of direct materials were requisitioned and $250,000 of direct labor was incurred in the company's manufacturing operations. The company uses actual costing to account for the manufacturing overhead. The actual manufacturing overhead costs incurred totaled $850,000. The following additional information was extracted from the company's accounting records: - Cost of Goods Manufactured: 1,950,000 - SG\&A Expenses: 550,000 - Sales Revenue: 3,500,000 - Net decrease in Finished Goods Inventory of $75,000 Calculate Operating Income for the previous period. $1,075,000$775,000$1,100,000$1,475,000$925,000 Which of the following is the MAcc track that is focused on the use of knowledge and technology to help businesses improve operations, decision-making, and planning? Audit Tax Advisory Financial Managerial Question 9 ( 2 points) The following information was extracted from the accounting records of Wallentine, LLC, a manufacture of horse saddles. - Raw Materials used: $15,000 - Indirect Materials used: $3,000 - Direct Labor: $9,000 - Indirect Factory Labor: $3,000 - Administrative and Sales Salaries: $4,000 - Building Depreciation*: $3,500 - Building Rent*: $4,000 The building is 5,000 square feet. 4,000 square feet are devoted to manufacturing operations. The remaining square footage is devoted to administrative selling activities. Shared costs are allocated based on square footage. The company started the quarter with $25,000 in its Work-In-Progress inventory. The balance in Work-In-Progress inventory had increased to $28,000 by the end of the quarter. The net decrease in Finished Goods Inventory during the quarter was $5,000. The company uses an actual costing system to account for MOH and includes both direct and indirect materials in its Raw Materials Inventory account. Which of the following statements is correct? Which of the following statements is correct? The total period costs included in the schedule above total $3,000. Costs assigned to units completed during the period was $25,900. Gross Profit for the period was equal to Sales Revenue less $35,000. The total indirect product costs for the period were $4,900. More than one of the above answers is correct