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Author Question: The income statement of a service-sector firm reports ________. (Read 51 times)

urbanoutfitters

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on: Mar 6, 2021

Question 1

The following information pertains to Alleigh's Mannequins:

Manufacturing costs$2,170,000
Units manufactured31,000
Units sold28,500 units sold for $90 per unit
Beginning inventory0 units

What is the amount of gross margin?
◦ $1,995,000
◦ $2,170,000
◦ $2,565,000
◦ $570,000

Question 2

The income statement of a service-sector firm reports ________.
◦ period costs only
◦ cost of goods sold
◦ both period costs and cost of of goods sold
◦ direct labor costs
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by urbanoutfitters on Mar 6, 2021

whitcassie

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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urbanoutfitters

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

mjenn52

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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