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Author Question: Expert Manufacturing reported the following: Revenue$460,000Beginning inventory of direct materials, ... (Read 73 times)

APUS57

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on: Mar 6, 2021

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, 201530,000
Purchases of direct materials15,800
Ending inventory of direct materials, December 31, 201516,000
Direct manufacturing labor26,000
Indirect manufacturing costs42,000
Beginning inventory of finished goods, January 1, 201545,000
Cost of goods manufactured97,800
Ending inventory of finished goods, December 31, 201541,000
Operating costs158,000
What is Expert's operating income?
◦ $346,400
◦ $218,200
◦ $204,200
◦ $200,200
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by APUS57 on Mar 6, 2021

AngeliqueG

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Reply #1 on: Mar 6, 2021
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APUS57

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

momolu

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Reply 3 on: Yesterday
Wow, this really help

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