Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 45 The three major cost components of a manufactured product are: Marketing, selling, and administrative costs. Indirect labor, indirect materials, and miscellaneous factory expenses.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Question 45 The three major cost components of a manufactured product are: Marketing, selling, and administrative costs. Indirect labor, indirect materials, and miscellaneous factory expenses. Direct materials, direct labor, and factory overhead. Differential costs, opportunity costs, and sunk costs. General, selling, and administrative costs. Question 46 The total cost of goods completed during the accounting period for a manufacturer is called: Ending finished goods inventory. Total manufacturing costs Ending goods in process inventory. Cost of goods manufactured. Cost of goods sold. Question 47 A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's: Cost of goods sold. Cost of goods purchased. Cost of goods available. Beginning merchandise inventory Ending merchandise inventory. Question 48 1 pts A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods manufactured of $32.500, and an ending finished goods inventory of $17,800. The cost of goods sold for this company is: $21.200. $29,300 $32,500. $47,100 $27,600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding And Auditing IT Systems Volume 1

Authors: Young-Woon Min

2nd Edition

978-1257124084

More Books

Students also viewed these Accounting questions

Question

4. What is the 3-Rs solution to waste?

Answered: 1 week ago

Question

List the functions that are served by short-term memory.

Answered: 1 week ago