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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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