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Virginia International University Operations And Supply Chain Management Assignment Help - goods manufactured equals

Question - 1. Cost of goods manufactured equals $65,000 for 2012. Finished goods inventory is $2,000 at the
beginning of the year and $5,500 at the end of the year. Beginning and ending work in process for
2012 are $4,000 and $5,000, respectively. How much is cost of goods sold for the year?
a. $67,500
b. $63,000
c. $61,500
d. $68,500
2. A company expected its annual overhead costs to be $1,800,000 and direct labor costs to be
$1,000,000. Actual overhead was $1,740,000, and actual labor costs totaled $1,100,000. How much
is the company s predetermined overhead rate to the nearest cent?
a. $1.74
b. $1.57
c. $1.80
d. $1.64
3. During 2012, Cotte Manufacturing expected Job No. 59 to cost $600,000 of overhead, $1,000,000
of materials, and $4 ...Read More

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