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please!!urgent can anyone help me to solve these mc? CP, Inc. is considering eliminating one of its product lines. The fixed costs currently allocated to
please!!urgent can anyone help me to solve these mc?
CP, Inc. is considering eliminating one of its product lines. The fixed costs currently allocated to the product line will be allocated to other product lines upon discontinuance. What financial effects occur if the product line is discontinued? Select one: a. net income will decrease by the amount of the contribution margin of the product line being discontinued b. the company's total fixed costs will decrease by the amount of the product line's fixed costs O c. the company's total fixed costs will increase by the amount of the contribution margin of the product line being discontinued d. net income will increase by the amount of the contribution margin of the product line being discontinued Samsung developed the following data for the current year: Beginning work in process inventory 245,000 Direct materials used 330,000 Actual overhead 680,000 Overhead applied 795,000 Cost of goods manufactured 1,400,000 Total manufacturing costs 1,250,000 How much is Samsung's direct labor cost for the year? Select one: O a. 275,000 O b. 240,000 c. 125,000 d. 390,000 ee TO PRA nn mp3 Kline Manufacturing has the following labor costs: Factory-Gross wages $4,600,000 Factory-Net wages 4,500,000 Employer Payroll Taxes Payable 200,000 The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for: Select one: O a. $4,600,000 O b. $4,800,000 o c. $4,500,000 O d. $4,700,000 As of December 31, 2020, 3M Company had 370,000 of raw materials inventory. At the beginning of 2020, there! was 433,000 of materials on hand. During the year, the company purchased 395,000 of materials; however, it paid for only 380,000, meaning 15,000 payable of materials. How much inventory was requisitioned for use on jobs during 2020? Select one: a. 448,000 b. 463,000 O c. 443,000 d. 458,000 HA company can sell all the units it can produce of either Product A or Product B but not both. Product A has a unit contribution margin of HK$16 and takes two machine hours to make and Product B has a unit contribution margin of HK$30 and takes three machine hours to make. If there are 6,000 machine hours available to manufacture a product, income will be Select one: - a. HK$10,000 more if Product A is made O b. HK$12,000 less if Product A is made. c. HK$10,000 less if Product A is made. d. the same if either product is made Step by Step Solution
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