Nolan Company provided the following information at year end: Raw material purchases Manufacturing overhead applied Actual manufacturing overhead Unadjusted Cost of Goods Sold Direct Labor $50,000 $75,000 $125,000 $225,000 S60,000 Ending Raw materials Work in process Finished goods $40,000 $80,000 $500,000 $10,000 $100,000 $400,000 12. Cost of Goods Manufactured is: a. $245,000 b. $215,000 C. $275,000 d. 195,000 13. Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. 319,200 188,100 131,100 106,500 24,600 $ Sales (5,700 units) Variable expenses Contribution margin Fixed expenses Net operating income If the company sells 5,300 units, its net operating income changes to what assuming fixed expenses do not change? Show the answer using the contribution margin ratio and check it showing a revised contribution format income statement 14. In process costing, a separate work in process account is kept for each 15. Sorin Inc., a company that produces and sels a single product, has provided its contribution format income statement for January. Sales (4,200 units) Variable expenses Contribution margirn Fixed expenses Net operating income s 155,400 100,800 54,600 42.400 12,200 sells 4,600 units, what is its contribution margin? Show the answer using the contribution margin If the Sorin company ratio and check it showing a revised contribution format income s statement