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Author Question: Information about cash disbursements can be obtained from check stubs and carbon copies of checks. ... (Read 132 times)

codyclark

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  • Posts: 538
on: Jul 5, 2018
Information about cash disbursements can be obtained from check stubs and carbon copies of checks.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

On the 2016 budgeted income statement, what amount will be reported for sales?
 
  Kason, Inc., expects to sell 20,000 pool cues for 12.00 each. Direct materials costs are 2.00, direct manufacturing labor is 4.00, and manufacturing overhead is 0.80 per pool cue. The following inventory levels apply to 2016:
   Beginning inventory Ending inventory
   Direct materials 24,000 units 24,000 units
   Work-in-process inventory 0 units 0 units
   Finished goods inventory 2,000 units 2,500 units
 
  A) 246,000
  B) 240,000
  C) 312,000
  D) 318,000


abro1885

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

Answer: B


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