Please answer these:

1) In the Schedule of Cost of Goods Manufactured, which of the following statements is true?

i. Cost of goods manufactured = Total manufacturing costs + Beginning work in process inventory - Ending work in process inventory.

ii. Total raw materials available = Ending raw materials inventory + Purchases of raw materials.

iii. Raw materials used in production = Beginning raw materials inventory + Purchases of raw materials - Ending raw materials inventory.

iv. Total direct materials = Raw materials used in production - Ending raw materials inventory.

A - Both statements i and ii are true B - Both statements ii and iii are true C - Both statements ii and iv are true D - Bother statements i and iii are true

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2) In the Vasquez Corporation, any overapplied or underapplied manufacturing overhead is closed out to Cost of Goods Sold. Last year, the Corporation incurred $27,000 in actual manufacturing overhead cost, and appled $29,000 of manufacturing overhead cost to jobs. The beginning and ending balances of Finished Goods were equal, and the Corporation's Cost of Goods Manufactured for the year totaled $71.000 Given this information, Cost of Goods Sold, after adjustment for any overapplied or underapplied manufacturing overhead, for the year must have been:

A - $69,000 B - $98,000 C - $73,000 D - $71,000

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3) Which of the following statements are true?

i. In a traditional format income statement, the gross margin is sales minus cost of goods sold.

ii. In a traditional format income statement, the gross margin minus selling and administrative expenses equals net operating income

A - Only statement i. is true B - Both of the statements are true C - Only statement ii. is true D - Neither of the statements are true

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4) Haack Incorporated is a merchandising company. Last month the company's cost of goods sold was $70,300. The company's beginning merchandise inventory was $19,700 and its ending merchandise inventory was $27.700. What was the total amount of the company's merchandise purchases for the month?

A - $78,300 B - $117,700 C - $62,300 D - $70,300

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5) Which costs will change with a decrease in activity within the relevant range?

A - Unit fixed cost and total fixed cost B - Unit fixed cost and total variable cost C - Total fixed costs and total variable costs D - Unit variable cost and unit fixed cost

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6) Which of the following statements are true?

i. The sum of all manufacturing costs except for direct materials and direct labor is called manufacturing overhead.

ii. The three cost elements ordinarily included in product costs are direct materials, direct labor, and manufacturing overhead.

A - Only statement ii is true B - Both of the statements are true C - Neither of the statements are true D - Only statement i is true