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Category > Accounting Posted 27 Sep 2017 My Price 7.00

Meyers Corporation

1. The break-even in units sold will decrease if there is an increase in:

a. Unit sales volume

b. total fixed expenses

c. unit variable expenses

d. Selling Price

2. Meyers Corporation had the following inventory balances at the beginning and end of November:

 

November 1

  

November 30

  Raw Materials

$

17,000

  

$

20,000

  Finished Goods

$

50,000

  

$

44,000

  Work in Process

$

9,000

  

$

11,000
 

During November, $39,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $8 per direct labor-hour, and it paid its direct labor workers $10 per hour. A total of 300 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $4,700 of direct materials cost. The Corporation incurred $28,000 of actual manufacturing overhead cost during the month and applied $26,400 in manufacturing overhead cost.

The direct materials cost in the November 1 Work in Process inventory account totaled:
 

$42,000
 

$45,000
 

$36,000

 

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Sep 2017 10:09 PM My Price 7.00

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