题目内容
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: ( )
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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 balance in the Materials Inventory account at the beginning of 2019: was: ( )
Mitchell Corporation manufactures a single product. The selling price is $85 per unit, and variable costs amount to $68 per unit. The fixed costs are $16,500 per month. What is the contribution margin ratio of Mitchell 's product? ( )
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