Homework Answers
6. (a) Store Manager's Salary
(Because Store manager's salary will have to be paid of same amount irrespective of sales.)
7. (d) is considered to be a direct variable cost
(Because each lawnmover requires a steering wheel. Thus no. of steering wheel is directly related to no. of lawnmovers to be produced.)
8. (c) $5000
(Cost of Manufacturing per unit = Manufacturing costs/Total shirts manufactured = $1,000,000/100,000 = $10.
Ending Finished Goods Inventory = Beginning Inventory + Production - Sales = 0+100,000-99500 = 500
Thus, amount of Finished Goods Inventory = Ending Finished Goods Inventory*Cost of Manufacturing per unit
= 500*$10 = $5000)
9. (d) $7,96,000
(Gross Profit = Sales Units * (sale price p.u - Manufacturing cost p.u) = 99500*($18-$10) = $7,96,000.)
10. (d) Materials that have been put into production are classified as work in process inventory.)
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please make numbers and answers readable
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please make numbers and answers readable
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