n below has been taken from the cost records of T Co. materials used in producti
ID: 340674 • Letter: N
Question
n below has been taken from the cost records of T Co. materials used in production hot to be a ixed cost No Yes Yes No No Yes ncreasG . credit to Work in Process Control represents a work still in manufactured was $120,000 when its sales were 3360,000 and its gross margin w The Lyons Compesy's cost of goods 3220,000 f the beginning of inventory of finished goods was 350,000, the ending inventory of finisbed goods must have been a 3 20,000 b 50,000 c 3 30,000 d $150,000 During the month of May, Bennett Maulacturing Company purchased $43,000 of raw materials. The manufacturing overhead otaled $27 000 and the total manulacturing conts were 3106,000 Assming a beginning inventory of raw materials of $8,000 and am ending inventory of Tww makcrials of $6,000, divect labor at have totalod a $34 ,000 538000 $36000 $45 000Explanation / Answer
Dear student, only one question is allowed at a time. Since first question is not properly visible, I am answering the second question
Variabl cost per unit remains constant as it is fixed per unit and when number of units increases, total variable cost increases but unit variable cost remains constant
So, as per above discussion, option B is the correct option
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.