Homework Answers
Correct Answer:
Requirement 1:
The point where both the lines meet on the graph is the breakeven point.
The line starting from below is Variable cost per unit
The Line starting from above is total cost, and if you draw a horizontal line from its starting point that line will be total fixed cost
Requirement 2:
|
Cost of Goods manufactured |
$ 2,27,000.00 |
|
Beginning Finished Goods Inventory |
$ 90,000.00 |
|
Finished Goods available for sale |
$ 3,17,000.00 |
|
Ending Finished Goods Inventory |
$ 1,00,000.00 |
|
Cost of Goods sold |
$ 2,17,000.00 |
End of answer.
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