3. Answer: Material used to make the product.
5. Answer: To remain constant in total
Total product cost | $ 181,280 |
7.
Total period cost | $ 84,000 |
Case 1 | Case 2 | Case 3 | Case 4 | |
Direct materials | 4,900 | 6,400 | 5,400 | 3,400 |
Direct labor | 8,600 | 3,400 | 7,400 | 4,400 |
Manufacturing overhead | 5,400 | 4,400 | 7,600 | 9,400 |
Total manufacturing costs | 18,900 | 14,200 | 20,400 | 17,200 |
Beginning work in process | 2,900 | 2,200 | 3,400 | 4,300 |
Ending work in process | 3,400 | 1,400 | 4,400 | 3,200 |
Cost of goods manufactured | 18,400 | 15,000 | 19,400 | 18,300 |
Sales | 25,200 | 23,000 | 36,400 | 40,400 |
Beginning finished goods inventory | 1,400 | 2,900 | 3,200 | 2,400 |
Cost of goods manufactured | 18,400 | 15,000 | 19,400 | 18,300 |
Goods available for sale | 19,800 | 17,900 | 22,600 | 20,700 |
Ending finished goods inventory | 2,160 | 1,900 | 4,400 | 3,900 |
Cost of goods sold | 17,640 | 16,000 | 18,200 | 16,800 |
Gross margin | 30 % | 30.43 % | 50 % | 58.42 % |
Operating expenses | 3,160 | 3,850 | 12,400 | 14,200 |
Net income | $ 4,400 | $ 3,150 | $ 5,800 | $ 9,400 |
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