#9 The following information relates to Ajax Widgets during the year. There was
ID: 2578521 • Letter: #
Question
#9 The following information relates to Ajax Widgets during the year. There was no beginning inventory. Units produced 11,000 Units sold 10,000 Units in ending inventory 1,000 Fixed manufacturing overhead $220,000 How much fixed manufacturing overhead will be expensed during the year (included in Cost of Goods Sold) using full costing? A. $220,000 B. $200,000 C. $20,000 D. $10,000 #10 If the required rate of return is greater than the internal rate of return of a potential investment, the company should judge the investment as acceptable. A. This is a True statement B. This is a False statement C. Not enough information provided. #11 The basic concept involved in time value of money calculations is that A. it is better to receive a dollar in the future than to receive a dollar today B. incremental revenues must exceed incremental costs. C. it is better to receive a dollar today than to receive a dollar in the future. D. it can only be applied to positive cash flows #9 The following information relates to Ajax Widgets during the year. There was no beginning inventory. Units produced 11,000 Units sold 10,000 Units in ending inventory 1,000 Fixed manufacturing overhead $220,000 How much fixed manufacturing overhead will be expensed during the year (included in Cost of Goods Sold) using full costing? A. $220,000 B. $200,000 C. $20,000 D. $10,000 #10 If the required rate of return is greater than the internal rate of return of a potential investment, the company should judge the investment as acceptable. A. This is a True statement B. This is a False statement C. Not enough information provided. #11 The basic concept involved in time value of money calculations is that A. it is better to receive a dollar in the future than to receive a dollar today B. incremental revenues must exceed incremental costs. C. it is better to receive a dollar today than to receive a dollar in the future. D. it can only be applied to positive cash flowsExplanation / Answer
9)
Fixed manufacturing overhead expenses:
= $220,000*10,000/11,000
= $200,000
Hence, correct option is B. $200,000.
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