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Please answer all the questions. Given the following July financial information for Classic Toy Manufacturing Company, what amount of cost of goods sold would be
Please answer all the questions.
Given the following July financial information for Classic Toy Manufacturing Company, what amount of cost of goods sold would be reported by Classic Toy for the month of July? A. $23, 000 B. $25, 000 C. $26, 000 D. $28, 000 Which of the following is a NOT a variable cost for a plant that manufactures iPods? A. Plastic used to make the cases B. Employee wages for assembly C. Straight-line depreciation of warehouse building D. Computer chip used in each iPod Far Fly Golf Ball Company's manufacturing costs for September are: Direct Materials cost: $20, 000 Direct Labor cost: $15, 500 Overhead: $5, 500 If it manufactured 50, 000 golf balls during the month of September, what is the cost (rounded) per golf ball? A. $1.22 B. 0.82 C. $0.71 D. $0.40 Using the information in question 10 conversion costs are? A. $41, 000 B. $35, 500 C. $21, 000 D. $25, 500 Before operating income can be determined for a manufacturer, which of the following is calculated? A) Cost of goods sold B) Cost of goods manufactured C) Cost of goods available for sale D) All of the aboveStep by Step Solution
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