Managerial Accounting Test
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Title: Managerial Accounting Test

Essay Details:

Subject: Technology
Author: Robert R
Date: January 16, 2014
Level: University
Grade: C
Length: 13 / 3732

Essay text:

The gross margin was: 1. $55,000. 2. $54,000. 3. $50,000. 4. $40,000. 2. The beginning finished goods inventory was: 1. $24,000. 2. $ 9,000. 3. $10,000. 4. $14,000. 3. The ending work in process inventory was: 1. $ 4,000. 2. $ 8,000. 3. $10,000. 4. $0. 4. Farber Company uses a job order cost system. The information below is from the financial records of the company for last year: Total manufacturing costs $2,500,000 Cost of goods manufactured $2,425,000 Predetermined overhead rate 80% of direct labor cost Applied overhead was 30% of total manufacturing costs. The Work in Process inventory at January 1 was 75% of the Work in Process inventory at December 31...

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