Question 27 7.14 pts Looking at cost behavior at Cyberdyne Stystems, Connor finds some units costs that decrease as volume increases. These costs would be: O fixed or mixed costs. variable or fixed costs. O fixed costs only. O variable costs only. MBook Pro Question 28 7.14 pts Acme Corporation is a wholesaler that sells a single product, just one type of dynamite. Management has provided the following cost data for two levels of monthly sales volume. The company sells the dynamite for $133.60 per box. Sales volume (units) 4,000 5,000 Cost of sales $383,600 $479,500 $124,400 $136,000 Selling and administrative costs The best estimate of operating income when 4,300 boxes are sold is: O $112,230 O $37,710 O $162,110 O $28,380 The following data was taken from the accounting records for Genoa Pure Olive Oil for last year: Raw Materials Inventory 500 250 300 Work in Process 7501 Finished Goods Inventory 3001 b. bal b. bal b. bal (a) (a) (b) (b) (c) 9001 500 850l 450 Manufacturing Overhead 300 850 600 Factory Wages Pavable 800 Cost of Goods Sold (c) What was the cost of raw materials used? $450 O $300 O $250 $500 The following data was taken from the accounting records for Genoa Pure Olive Oil for last year: Raw Materials Inventory 500 250 300 Work in Process 750 Finished Goods Inventory 3001 b. bal b. bal (a) (b) b. bal (b) (c) 900 500 850 450 Manufacturing Overhead 300 850 600) Factory Wages Pavable 800 Cost of Goods Sold What is the cost of goods manufactured? $2100 O $450 $750 O $1600 Question 31 7.15 pts The following data was taken from the accounting records for Genoa Pure Olive Oil for last year: Raw Materials Inventory 500 250 300 Work in Process 750 Finished Goods Inventor 300 b. bal b. bal b. bal (a) (a) (b) (6) 900 500 850 450 Manufacturing Overhead 300 600 Factory Wages Pavable 800 Cost of Goods Sold 850 Manufacturing overhead is: O $850 underapplied O $850 overapplied $50 overapplied $50 underapplied The following data was taken from the accounting records for Genoa Pure Olive Oil for last year: Raw Materials Inventory 500 250 Work in Process Finished Goods Inventory 300 b. bal b. bal 750 b. bal (a) (b) (b) 300 900 500 850 4501 Manufacturing Overhead 300 850 600 Factory Wages Pavable 800 Cost of Goods Sold (c) Before any adjustment for manufacturing overhead, what is cost of goods sold? O $1,550 O $1,500 O $2,100 O $1,650