If the cost of goods manufactured for the year was $396,000, what was

[The following information applies to the questions displayed below.] 

 Finished goods inventory, January 1, 2011

$ 30,400  

 Finished goods inventory, December 31, 2011

$ 25,200  

 
If the cost of goods manufactured for the year was $396,000, what was the cost of goods sold for the year?

[removed]

$401,200.

 [removed]

None of these.

[removed]

$396,000.

[removed]

$406,400.

[removed]

$411,600.

 

Yang Corporation recently computed total product costs of $579,000 and total period costs of $480,000, excluding $41,000 of sales commissions that were overlooked by the company’s administrative assistant. On the basis of this information, Yang’s income statement should reveal operating expenses of:

[removed]

$41,000.

[removed]

$620,000.

[removed]

$579,000.

 [removed]

$480,000.

[removed]

$521,000.

 

The accounting records of Diego Company revealed the following costs, among others: 

 Factory insurance

$ 35,000  

 Raw material used

258,000  

 Customer entertainment

17,000  

 Indirect labor

48,000  

 Depreciation on salespersons’ cars

31,000  

 Production equipment rental costs

74,000  

Calculate the total manufacturing overhead for the company.

[removed]

$157,000.

[removed]

$463,000.

 [removed]

None of these.

[removed]

$188,000.

[removed]

$205,000.

 

Carolina Plating Company reported a cost of goods manufactured of $523,000, with the firm’s year-end balance sheet revealing work in process and finished goods of $76,000 and $140,000, respectively. If supplemental information disclosed raw materials used in production of $87,000, direct labor of $141,000, and manufacturing overhead of $241,000, the company’s beginning work in process must have been:

 [removed]

None of these.

[removed]

$22,000.

[removed]

$393,000.

[removed]

$130,000.

[removed]

$55,000.

 

The accounting records of Dolphin Company revealed the following information:

 Total manufacturing costs

$ 760,000  

 Work-in-process inventory, Jan. 1

79,000  

 Work-in-process inventory, Dec. 31

101,000  

 Finished-goods inventory, Jan. 1

169,000  

 Finished-goods inventory, Dec. 31

146,000  

Dolphin’s cost of goods sold is:

[removed]

None of these.

[removed]

$761,000.

[removed]

$759,000.

 [removed]

$783,000.

[removed]

$738,000.

 

[The following information applies to the questions displayed below.]

 Raw materials inventory, January 1, 2011

$ 34,000  

 Raw materials inventory, December 31, 2011

$ 28,200  

10_29_2012
If purchases of raw materials were $150,000 during the year, what was the amount of raw materials used during the year?

[removed]

$150,000.

[removed]

$155,800.

[removed]

$161,600.

[removed]

$144,200.

 [removed]

None of these

Hot’lanta, Inc., which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company’s utilities cost. The company’s relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year:  

Month

Utilities

Machine Hours

  January

$9,200          

850          

  February

8,860          

770          

  March

9,450          

860          

  April

9,860          

970          

  May

10,240          

1,000          

  June

9,650          

950          

 

 

 

 
Using the high-low method, the utilities cost associated with 1,030 machine hours would be:

[removed]

$10,420.

 [removed]

$10,140.

[removed]

$10,330.

[removed]

$10,290.

[removed]

an amount other than those listed above.

 
 

 

“#“”

Essay Writing Service

Order a similar paper and get 15% discount on your first order with us

Dr. Padma Myers
Dr. Padma Myers
98% Success Rate
Read More
“Hello, I deliver nursing papers on time following instructions from the client. My primary goal is customer satisfaction. Welcome for plagiarism free papers”
Stern Frea
Stern Frea
98% Success Rate
Read More
Hi! I am an English Language and Literature graduate; I have written many academic essays, including argumentative essays, research papers, and literary analysis.
Dr. Ishid Elsa
Dr. Ishid Elsa
98% Success Rate
Read More
"Hi, count on me to deliver quality papers that meet your expectations. I write well researched papers in the fields of nursing and medicine".
Dr. Paul P. Klug
Dr. Paul P. Klug
99% Success Rate
Read More
"A top writer with proven reliability and experience. I have a 99% success rate, overall rating of 10. Hire me for quality custom written nursing papers. Thank you"

How Our Essay Writing Service Works

Tell Us Your Requirements

Fill out order details and instructions, then upload any files or additional materials if needed. Then, confirm your order by clicking “Place an Order.”

Make your payment

Your payment is processed by a secure system. We accept Mastercard, Visa, Amex, and Discover. We don’t share any informati.on with third parties

The Writing Process

You can communicate with your writer. Clarify or track order with our customer support team. Upload all the necessary files for the writer to use.

Download your paper

Check your paper on your client profile. If it meets your requirements, approve and download. If any changes are needed, request a revision to be done.

Recent Questions

Stay In Touch!

Leave your email and get discount promo codes and the best essay samples from our writers!