Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This Question: 1 pt 31 of 32 (0 complete) This Test: 32 Gavette Company reported the following information for the current year and prior year:

image text in transcribed
image text in transcribed
This Question: 1 pt 31 of 32 (0 complete) This Test: 32 Gavette Company reported the following information for the current year and prior year: Account Current year Percentage Net sales revenue $367,200 100% COGS $220,320 2 Gross Profit $146,880 40.00% Selling/General Exp $87,768 23.9% Net income before tax $59,112 Income Tax $7,344 2.00% Net Income $51,768 What would a vertical analysis report with respect to current year selling and general expenses? Prior year $300,000 $240,000 $60,000 $12,000 $48,000 $3,000 $45,000 ? ? O A. An increase of $75,768 B. 16.1% of net sales revenue OC. 23.9% of net sales revenue OD. A decrease of 23.9% This Question: 1 pt 32 of 32 (0 complete) This Test: 32 pts possible Beaver Company manufactures coffee tables and uses an activity-based costing system to allocate all manufacturing conversion costs. Each coffee tables consists of 20 separate parts totaling $230 in direct materials, and requires 5 hours of machine time to produce. Additional information follows: Activity Allocation Base Cost Allocation Rate Materials handling Number of parts $2.00 per part Machining Machine hours $3.90 per machine hour Assembling Number of parts $3.00 per part Packaging Number of finished units $5.00 per finished unit What is the cost of assembling per coffee table? O A S11 B. $40 OG $25 OD $60

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

International Standards On Auditing An Institutional Driver For Audit Quality

Authors: Dries Schockaert

1st Edition

2874035467, 978-2874035463

More Books

Students also viewed these Accounting questions