Raw Materials Inventory Turnover 1. How is this ratio calculated? 2. What does the ratio show? 3. Using the data on the Sunn Corporation from page 21 of the textbook, calculate and discuss the implications of Sun's RM Inventory Turnover. Your response should show how you calculated the value. Days' Sales in Raw Materials Inventory 1. How is this ratio calculated? 2. What does the ratio show? 3. Using the data on the Sunn Corporation from page 21 of the textbook, calculate and discuss the implications of Sunn's Days' Sales in RM Inventory Chentet Managerial Accounting Concept and Principles 21 Key Terms Continuous Improvement (16) Control (4) Conversion costs Corporate social responsibility (CSR) (17) Cost object (6) Cost of goods manufactured (13) Customer orientation (16) Days' sales in raw materials inventory (18) Digital manufacturing (15) Direct costs (6) Direct labor (7) Direct labor costs (7) Direct materials (7) Direct materials costs) Ethies (5) Factory overhead (7) Factory overhead costs (7) Finished goods inventory (10) Indirect costs (6) Indirect labor (7) Indirect materials (7) Institute of Management Accountants (IMA) (5) Internal control system (5) ISO 1000 standards (16) Just-in-tim ) manufacturing (16) Lebane medel (16) Mamopoccounting F Prime costs (7) Product costs (8) Raw materials inventory (10) Raw materials inventory turnover (18) Schedule of cost of goods manufactured (13) Sustainability Accounting Standards Board (SASB) (17) Total quality management (TOM) Triple bottom line (17) Value chain (16) Work in process inventory (10) Multiple Choice Quiz 800 1.720 100g 1. Period costs a. Include direct materials and direct Labor b. Are capitalized as inventory c. Are expensed in the period incurred d. Include factory overhead .. Are included in total manufacturing cous. 2. Factory overhead a. Includes selling expenses b. Includes indirect labor e. Is a period cost d. Includes general and administrative expenses e. Is included in manufacturing costs 3. A manufacturer reports the following 4. A manufacturer reports the following Direct materials used $22.650 Factory Selling expenses 100 Dudler Fished over ending 4.000 indirect labor Its total manufacturing costs equal a. 536,170 c. $12.970 e. 32. 170 b. 536,970 d. $40,970 S. A manufacturer reports the following Finished to be 36.000 inted out wing 3.200 Cast 7.500 Its cost of good manufactured is 51.500 c. 57.500 .. 54,700 b. 51.700 d. 52.800 Ralpurchases 81.200 12.000 0.000 Rowentory begin Its cost of materials used is .. 11.200 c. 585.200 577,200 d. SR9 200 e. Siol 200 ANSWERS TO MULTIPLE CHOICE QUIZ 5. mingi pored tured (CCM-ning mistad odio 2. masave tonal purchases Erling was in 581.00 - 12.00 - $77.300 4. Debat 503.40 10.800 100+ COXIM -33.380 37.500 COGN=512