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The Lee Company uses a job-order costing system. The following data were for June: Overhead is charged to production at 80% of direct materials cost.
The Lee Company uses a job-order costing system. The following data were for June: Overhead is charged to production at 80% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 235 and 238 have been delivered to customers. Lee Company's cost of goods sold for June was: A. $15,520 B. $10,170 C. $9,730 D. $14,640 Hurst Co. manufacturers and sells a single product. Price and cost data regarding this product are as follows: How many units need to be sold to earn an annual net operating income equal to 10% of sales? A. 44,000 units B. 53,200 units C. 54,500 units D. 47,500 units In the current year, the company sold 43,000 units. Due to competition, management will be forced to lower the selling price by 10% next year. How many units must be sold next year to earn the same income as was earned in the current year? A. 50,000 units B. 53,200 units C. 58,800 units D 60,200 units
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