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Q7 ,Q8,Q9 thanks Question 7 (6 points) Sales = $74000 (740 units) Total variable expenses = $34000 Total fixed expenses = $20000 Find a. Contribution
Q7 ,Q8,Q9 thanks
Question 7 (6 points) Sales = $74000 (740 units) Total variable expenses = $34000 Total fixed expenses = $20000 Find a. Contribution Margin b. Contribution Margin Ratio c. Break-even point (Units) d. Break-even point (Dollars) Question 8 (6 points) Sales = $15000 (15 units) Total variable expenses = $3000 Total fixed expenses = $3000 Find a. Contribution Margin b. Contribution Margin Ratio c. Break-even point (Units) d. Break-even point (Dollars) Question 9 (6 points) Prepare journal entries to record the following- a. Raw materials were issued for used in production-Moulding department $28000; firing dept 5000 b. Direct labour cost- Moulding department $18000; firing dept 5000 c. Manufacturing overheads- Moulding department $24000; firing dept 37000 d. Unfired moulded bricks were transferred from Moulding to Firing Department. According to the company's process costing system, the cost of bricks was $67000 e. The cost of finished bricks transferred from Firing department to Finished goods department was $108,000 f. Finished bricks were sold to customers. The cost of finished bricks sold was $106,000 Step by Step Solution
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