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tion 15 ne - Income taxes X Percent Revenue CMR XYZ Company manufactures a specialty line of ties. The company uses a job-order casting system,
tion 15 ne - Income taxes X Percent Revenue CMR XYZ Company manufactures a specialty line of ties. The company uses a job-order casting system, and rates tricked out inventory by FIFO method. Last month 1000 ties were started and completed to $20.000. This was die land settis endine balance of the Finished Goods Inventory account. During the month, the following costs were incurred on bok 1042: dire materials $54,800 and direct labor $19,800. In addition, when 5500 ties were sold, seling and shipping costs of $28.000 were incurred. Manufacturing overhead was applied at the rate of $25 per machine-hour (MH) and Jobs 1041 required 920 MH. Job 1041 consisted of 5,000 ties, the average cost of goods sold per tie was. tribution margin to don man decrease 17.15 16.52 22.82 20.52 17.26 AS evious
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