In July, Noel & Vang Company purchased materials costing $23,100 and incurred direct labor cost of $19,800. Manufacturing overhead totaled $35,200 for the month. Information on inventories was as follows:
July 1 July 31
Materials $6,820 $7,810
Work in process 770 1,320
Finished goods 3,630 2,970
What was the total manufacturing costs in July?
a.$71,000
b.$50,000
c.$69,600
d.$77,110
In July, Noel & Vang Company purchased materials costing $23,100 and incurred direct labor cost of $19,800. Manufacturing overhead totaled $35,200 for the month. Information on inventories was as follows:
July 1 July 31
Materials $6,820 $7,810
Work in process 770 1,320
Finished goods 3,630 2,970
What was the cost of goods manufactured for July?
a.$76,650
b.$70,500
c.$76,560
d.$70,700
In July, Noel & Vang Company purchased materials costing $23,100 and incurred direct labor cost of $19,800. Manufacturing overhead totaled $35,200 for the month. Information on inventories was as follows:
July 1 July 31
Materials $6,820 $7,810
Work in process 770 1,320
Finished goods 3,630 2,970
What was the cost of goods sold for July?
a.$71,100
b.$77,220
c.$69,600
d.$71,300
In July, Noel & Vang Company purchased materials costing $23,100 and incurred direct labor cost of $19,800. Manufacturing overhead totaled $35,200 for the month. Information on inventories was as follows:
July 1 July 31
Materials $6,820 $7,810
Work in process 770 1,320
Finished goods 3,630 2,970
If Noel & Vang Company sold 10,300 units during July and its gross margin totaled $32,780, what was the sales price per unit? (Note: Round answer to two decimal places.)
a.$10.09
b.$10.68
c.$9.94
d.$10.11
Hendrix & Franks Company had the following beginning and ending inventory balances for the current year ended December 31:
January 1 December 31
Materials $11,000 $ 8,800
Work in Process 19,800 18,700
Finished Goods 23,100 18,150
In addition, direct labor costs of $33,000 were incurred, manufacturing overhead equaled $46,200, materials purchased were $29,700, and selling and administrative costs were $24,200. Hendrix & Franks Co. sold 27,500
units of product during the year at a sales price of $5.25 per unit. What was the amount of cost of goods sold for the year?
a.$117,150
b.$128,500
c.$102,000
d.$97,500
Chrysntag Company incurred the following costs for the months of January and February.
Type of Cost January February
Insurance $ 7,000 $ 7,000
Utilities 2,600 4,000
Depreciation 2,000 2,000
Materials 5,000 8,000
Assume that output was 1,000 units in
January and 3,500 units in February, utility cost is a mixed cost, and the fixed cost of utilities was $2,000. What was the variable rate per unit of output for utilities cost?
a.$0.20
b.$0.30
c.$0.40
d.$0.60
The day-to-day work activities of the management team are ______.
Multiple choice question.
decision making, buying assets, hiring
decision making, planning,
directing operational activities, controlling
making the best use of an organization's resources, firing people, meeting with potential investors
funding, acquiring assets, hiring, controlling
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