I) A schedule of cost of goods manufactured is also known as a: l) A)...
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Accounting
I) A schedule of cost of goods manufactured is also known as a: l) A) Manufacturing statement. B) Factory supplies used schedule C) Cost of goods sold schedule D) Total finished goods statement. E) Raw materials processed schedule. 2) Last year, Wesson Company sold 10,000 units of its only product. If sales decrease by 15% in the current year, how will unit variable cost and unit fixed cost be affected? 2) Unit Variable Cost A) Remains constant B) Increases C) Decreases D) Remains constant E) Remains constant Unit Fixed Cost Remains constant Decreases Remains constant Decreases Increases A) Choice D B) Choice A C) Choice B D) Choice E E) Choice C 3) A manufacturing company has a beginning finished goods inventory of $14,600, raw 3) material purchases of $18,000, cost of goods manufactured of $32,500, and an ending finished goods inventory of $17,800. The cost of goods sold for this company is: A) $32,500. ) $47,100. C) $27,600. D) $21,200 E) $29,300 4) Which of the following items is not a management concept that was created to improve 4) companies' performances? A) Total quality management. B) GAAP constraints and guidelines. C) Continuous improvement D) Just-in-time manufacturing E) Customer orientation
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