ACCT 301 - week4
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| Problem 1 | |
| Required: Use the following information to complete the below schedule of cost of goods manufactured. | |
| (25 points) | |
| 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 | ||||
| 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) | ||||
13 years ago
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