Expert Manufacturing reported the following: ...

[APUS57]

Question 1

Conversion costs include ________.
◦ direct materials and direct manufacturing labor costs
◦ direct manufacturing labor and manufacturing overhead costs
◦ direct materials and manufacturing overhead costs
◦ only direct materials

Question 2

Expert Manufacturing reported the following: 

Revenue	$460,000
Beginning inventory of direct materials, January 1, 2015	30,000
Purchases of direct materials	15,800
Ending inventory of direct materials, December 31, 2015	16,000
Direct manufacturing labor	26,000
Indirect manufacturing costs	42,000
Beginning inventory of finished goods, January 1, 2015	45,000
Cost of goods manufactured	97,800
Ending inventory of finished goods, December 31, 2015	41,000
Operating costs	158,000

What is Expert's operating income?
◦ $346,400
◦ $218,200
◦ $204,200
◦ $200,200

[AngeliqueG]

A FREE account is required to view all solutions! Click to Register

Login with Facebook Login with Google Login with Email

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.

Answer Preview

Only 42% of students answer this correctly

[APUS57]

Wow, this really help

[kishoreddi]

Thanks for the timely response, appreciate it