Question 33 pts

Worldwide Manufacturing produces a unique valve and has the capacity to produce 50,000 valves annually. Currently Worldwide produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. What is the most likely behavior of total manufacturing costs and unit manufacturing costs, given this change?

Group of answer choices

Total manufacturing costs will increase, and unit manufacturing costs will stay the same.

Total manufacturing costs will increase, and unit manufacturing costs will decrease.

Total manufacturing costs will stay the same, and unit manufacturing costs will stay the same.

Total manufacturing costs will increase, and unit manufacturing costs will also increase.

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Flag question: Question 4

Question 43 pts

Inventoriable costs are costs of a product that are considered:

Group of answer choices

assets in a companys balance sheet when the costs are incurred and are expensed as cost of goods sold only when the product is sold.

liabilities in a companys balance sheet when the costs are incurred and are expensed only when the product is sold.

assets in a companys income statement when the costs are capitalized and are expensed as cost of goods sold only when the product is sold.

liabilities in a companys income statement when the costs are capitalized and are expensed only when the product is sold.

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Flag question: Question 5

Question 53 pts

The following information pertains to the Diamond Corp:

Beginning work-in-process inventory	$74,000
Ending work-in-process inventory	$82,000
Beginning finished goods inventory	$172,000
Ending finished goods inventory	$209,000
Cost of goods manufactured	$1,202,000

What is cost of goods sold?

Group of answer choices

$1,210,000

$1,165,000

$1,157,000

$1,239,000

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Flag question: Question 6

Question 63 pts

Quicktronics manufactures 3-D printers. For each unit, $3,100 of direct material is used and there is $2,500 of direct manufacturing labor at $25 per hour. Manufacturing overhead is applied at $30 per direct manufacturing labor hour. Calculate the profit earned on 45 units if each unit sells for $10,000.

Group of answer choices

$104,250

$81,750

$63,000

$3,000