The Lyons Company's cost of goods manufactured was $120,000 when its sales were $360,000 and its gross margin was $220,000. If the ending Inventory of finished goods was $30,000, what was the beginning inventory of finished goods? Multiple Choice $20,000 $50,000 $110,000 O $150,000 Next > 4 of 13 be Sub Which costs will change with a decrease in activity within the relevant range? Multiple Choice Totalfixed costs and total variable costs Unit fixed cost and total variable costs. Unit variable cost and unit fixed cost. Unit fixed cost and total fixed costs. Buckeye Company has provided the following data for maintenance cost: Machine Hours Maintenance Cost Prior Year 12,500 $27,000 Current Year 15,000 $31,000 Using the high-low method, what is the cost formula for maintenance cost? Multiple Choice $7,000 per year plus $0.625 per machine hour. $7,000 per year plus $1.60 per machine hour. $21,625 per year plus $0.625 per machine hour. $27,000 per year plus $1.60 per machine hour. Next >