acct 301 week4 495878
Aug 29, 2021 | Uncategorized
| Problem 1 |
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| Required:Use the following information to complete the below schedule of cost of goods manufactured. |
| (25 points) |
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| Purchases of raw materials |
$ 120,000.00 |
| Raw materials available for use |
$ 148,000.00 |
| Cost of direct raw materials used |
$ 124,000.00 |
| Manufacturing overhead |
$ 24,000.00 |
| Total manufacturing costs |
$ 310,000.00 |
| Ending work-in-process inventory |
$ (46,000.00) |
| Cost of goods manufactured |
$ 306,000.00 |
| Problem 2 |
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| Required:JZ is a musician who is considering whether to independently produce and sell a CD. JZ estimates fixed costs of $10,000 and variable costs of $4.00 per unit. The expected selling price is $12 per CD. What is JZ’s break-even point in units and dollars? |
| (25 points) |
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