Suppose a bakery reports this information: beginning raw materials inventory $4,000 ending raw materials inventory 3,000 beginning work-in-process inventory 3,000 ending work-in-process inventory 2,000 beginning finished goods inventory 2,000 ending finished goods inventory 4,000 direct labor 29,000 purchases of raw materials 99,000 manufacturing overhead 21,000 what is the cost of direct materials used?

Which term refers to the cost that motivates an economic decision

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

The face of a company is often that of the lowest paid employees who meet the customers. select one: true false