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Problem 1: Al-Mudhaiby Factory has the following data: Indirect labor R.O. 29,000 Direct materials used 70,000 Ending work in process 25,000 Sales Commissions 35,000 Direct labor 80,000 Indirect materials 15,000 Advertising 36,000 Beginning work in process 48,000 The cost of Work-in-process (WIP) is:
Select one:
a. 217,000
b. 185,000
c. None of the answers are correct
d. 194,000
e. 242,000
The Preston Company reported the following income for 2014: Sales $ 35,500 Cost of goods sold 9,100 Gross margin $ 26,400 Selling and administrative expense 11,100 Operating income $ 15,300 Interest expense 5,100 Income before taxes $ 10,200 Income t..
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RSE Corporation sells its product for $11 per unit. Its variable cost is $2 per unit, and total fixed costs are $600. Assuming next period’s estimated sales are 240 units and that 240 units is within the relevant range,
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