QUESTION 16 To My Surprise, Inc. provided the following information for the current period: Sales $56,200 Selling and Administrative expenses $5,900 Finished Goods Inventory, beginning balance $17,300 Finished Goods Inventory, ending balance $19,900 Cost of goods manufactured $35,700 Calculate the Gross Profit for the firm for the period. a. $17,200 o b. $23,100 O c. $17,900 od. $14,600 o e. $20,500 QUESTION 17 Lullaby, Ltd. sells four types of frozen burgers: turkey, beef, veggie, and salmon. Sales volume, sales price, and variable cost information for each product is as follows: Turkey Beef Veggie Salmon Sales volume (boxes) 3,400 3,000 2,800 800 Sales price per box $8.75 $9.50 $7.00 $11.50 VC per box $3.75 $4.00 $4.00 $5.50 Total fixed costs for the firm: $289,400 How many total boxes must the firm sell in order to break-even (round up to the nearest whole unit)? o a. 14,842 O b. 64,312 O c. 57,880 O d. 59,365 O e. 61,971 QUESTION 18 Period costs for a manufacturing company flow directly to: O a. The current schedule of cost of goods manufactured. ob. Cost of goods sold on the income statement. OC. Factory overhead. od The balance sheet as inventory. O e. The income statement as an expense. QUESTION 19 Which of the following products is most likely to be produced in a process operation? a. Bridges ob. Designer bridal gowns OC Airplanes od. Cereal o e Custom cabinets