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Please answer the following questions 1. Which of the foflowing is not a manufocturing cost category? a Cost of poods sold b Direct materials -

Please answer the following questions

image text in transcribedimage text in transcribed 1. Which of the foflowing is not a manufocturing cost category? a Cost of poods sold b Direct materials - c Direct tabor d Manutacturing overtead 2. Canada Group's accounting records reflect the following inventones During 2022, Canada purchased \$1,450,000 of raw materia's, incurred direct labour costs of \$2\$0,000, end incurred mandacturing overtheas totaling $160.000. How much raw materia's were transferred to production during 2022 for Canada? a $1,386.000 b. $1,460,000 c. $1,450,000 d. $1,434,000 3 During 2022, Canada purchased \$1,450,C00 of raw materials, incurred drect labour costs of $250,000, and incurted manufacturing overhead totaling $160,000 How much is total manulacturing costs incurred during 2022 for Canada? a $1,864,000 b. $1,876.000 c. $1,860.000 d. $1,872,000 4. During 2022, Canada purchased \$1,450,000 of ran materia's, incurred direct labour costs of $250,000, and incurred manufacturing overhead totaling $160,000. Assume Canada's cost of poods manufactured for 2022 amounted to $1,660,000. How much would it report as cost of goods sold for the yean 5 Canada company reported bes following vest.tert int..... Beginning work in ..... I a. $834,000 varnaua sost of poods manutactured for the yean a $34,000 b. $1,374,000 c. $1,370.000 d $1,378,000 6. At the high level of activity in Novernber, 7,000 machine hours were run and power costs were $18,000. In Aprl, a month of low activity, 2,000 machine hours were nun and power costs amounted to $9,000. Using the high-low method, the estimated fixed cost element of power costs is: a $18,000 b. $9,000 c. $5,400 d $12,600 7. Cansds Company has a product with a selling price per unit of $200, the unit variable cost is $110, and the total monthly fued costs are $300,000. How much is Canada's contribution margin ratio? a. 45% b. 55% c. 150% d. 182% 8. Canada company has total fixed costs of $240,000 and a contribution margin rato of 20%. The total sales necessary to break even are: a. $900,000 b. $1,200,000 c \$ 300.000 . d. $288,000. 9. Canada company selis a product which has a unit sa'es price of $5, unt variable cost of HK\$3 and total fxed costs of $240,000. The number of units the company must sell to break even is: a. 120,000 units. b. 48,000 units. C. 480,000 units. d. 80.000 units. 10. Canada Manufacturing wants to sell a sufficient quantity of products to earn a profit of $100,000. If the unit sales price is $10, unit variable cost is $8, and total fxed costs are $200,000, how many units must be sold to eam income of $100,000 ? a 150,000 units c. 37,500 units b. 100,000 units d. 1,500,000 units

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