题目内容

In a manufacturing company, the cost of finished goods manufactured is equal to: ( )

A. The beginning inventory of finished goods, plus net purchases, less the ending inventory of finished goods.
B. The sum of the manufacturing costs charged (debited) to the Work in Process Inventory account during the period.
C. The costs of direct materials, direct labor, and manufacturing overhead incurred in manufacturing the goods sold during the period.
D. The beginning inventory of work in process, plus total manufacturing costs for the period, less the ending inventory of work in process.

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The margin of safety is calculated by: ( )

A. Dividing fixed costs plus target income by the contribution margin.
B. Subtracting break-even income from current income.
C. Subtracting break-even sales from current sales.
D. Subtracting fixed costs from current contribution margin.

The manufacturing cost accounts of Varsity Manufacturing Co. provide the following information for the year ended December 31, 2019: the amount of Direct materials used is $500,000, the amount of Direct materials purchased is $520,000, the amount of Direct labor cost assigned to production is $130,000, the amount of Wages paid to direct workers is $120,000, and the amount of Manufacturing overhead costs applied to production is $190,000. Inventories at the end of the year were as follows: the amount of Materials is $65000,Work in process is $15000, Finished goods is $35000. Inventories at the beginning of the year were as follows: the amount of Work in process is $10000, Finished goods is $65000. The total amount of inventory that should appear in the company’s balance sheet at December 31, 2019 is: ( )

A. $115,000.
B. $860,000.
C. $85,000.
D. $81,000

The manufacturing cost accounts of Varsity Manufacturing Co. provide the following information for the year ended December 31, 2019: the amount of Direct materials used is $500,000, the amount of Direct materials purchased is $520,000, the amount of Direct labor cost assigned to production is $130,000, the amount of Wages paid to direct workers is $120,000, and the amount of Manufacturing overhead costs applied to production is $190,000. Inventories at the end of the year were as follows: the amount of Materials is $65000, Work in process is $15000, Finished goods is $35000. Inventories at the beginning of the year were as follows: the amount of Work in process is $10000, Finished goods is $65000. The total manufacturing costs charged to the Work in process Inventory account during 2019: amounted to: ( )

A. $850,000.
B. $820,000.
C. $810,000.
D. $860,000

The manufacturing cost accounts of Varsity Manufacturing Co. provide the following information for the year ended December 31, 2019: the amount of Direct materials used is $500,000, the amount of Direct materials purchased is $520,000, the amount of Direct labor cost assigned to production is $130,000, the amount of Wages paid to direct workers is $120,000, and the amount of Manufacturing overhead costs applied to production is $190,000. Inventories at the end of the year were as follows: the amount of Materials is $65000, Work in process is $15000, Finished goods is $35000. Inventories at the beginning of the year were as follows: the amount of Work in process is $10000, Finished goods is $65000. The total manufacturing costs deducted from revenue in 2019: amounted to: ( )

A. $890,000.
B. $880,000.
C. $845,000.
D. $810,000

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