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Within the relevant range: O 1. variable cost per unit decreases as production decreases O 2. fixed cost per unit decreases as production increases. 3. fixed cost per unit decreases as production decreases. O 4. variable cost per unit increases as production decreases QUESTION 32 Jones Company had the following inventory balances for the month of April: Ap Apr 30 Raw Materials $15,000 $5,000 Work In Process $10,000 $11,000 Finished Goods $25,000 $20,000 If the company transferred $40,000 of completed goods from Work In Process to Finished Goods in April, what was the amount of the Cost of Goods Sold? O 1.$45,000 2.$85,000 3. $5,000 4.None of the Above

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Answer #1

1). variable cost per unit decreases as production decreases because variable cost varies with the production level.There is direct relation between the variable cost and production level.

32) 1. $45000 ,

.Cost of goods sold = Apr 1,finished goods + cost of goods manufactured - Apr 30, finished goods

= 25000 + 40000 - 20000

= $45000

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