Rigsby Company incurred the following actual costs during 20…

Rigsby Company incurred the following actual costs during 2020: Direct Material Used  $ 412,500 Direct Labor  $ 180,000 The company uses a normal costing system (i.e – applies overhead) and has a pre-determined overhead rate of 210% of (2.1 times) direct labor cost. Beginning and Ending Inventory Balances were as follows: Beginning Ending Raw Material  $ 45,000  $ 49,500 Work in Process  $ 58,500  $ 64,350 Finished Goods  $ 63,000  $ 69,300 What was Cost of Goods Sold for 2020?

Dawson Backpack, Inc. produced and sold 60,000 backpacks dur…

Dawson Backpack, Inc. produced and sold 60,000 backpacks during the year at a price of $20 per unit. Variable manufacturing costs were $ 8 per unit and variable marketing costs were $4 per unit. Fixed costs amounted to $250,000 for manufacturing and $56,000 for marketing. There was no beginning or ending inventory. What was Dawson’s breakeven in sales dollars for the year?

Trinkle Corporation uses activity-based costing. The company…

Trinkle Corporation uses activity-based costing. The company produces two products: Snaps and Pops. The expected annual production of Snaps is 1,000 units, while the expected annual production of Pops is 3,000 units. There are three activity cost pools: Assembly, Testing, and Packing. The estimated costs and activities for each of these three activity pools follows: Expected activity: Activity cost pool Estimated cost Snaps Pops Total Assembly  $ 4,550  600  100  700 Testing  $ 22,320  1,100   700 1,800 Packing  $ 1,738  60 160 220 The overhead cost of Pops would be closest to: