Calculate the cost of goods sold using the following information: Direct materials $ 298,500 Direct labor 132,000 Factory overhead costs 264,000 General and administrative expenses 85,500 Selling expenses 48,800 Work in Process inventory, January 1
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Afirm expects to sell 25,000 units of its product at $11 per unit. Pretax income is predicted to be $60,000. If the variable costs per unit are $5, total fixed costs must be: A. $65,000. B. $900,000. C. $125,000. D. $215,000. E. $275,000.
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