The balance in the Work in Process Inventory account on Apri…

The balance in the Work in Process Inventory account on April 1 was $26,800, and the balance on April 30 was $22,600. Costs incurred during the month were as follows: direct materials, $41,250; direct labor, $21,300; and overhead, $32,600.What amount was transferred to the Finished Goods Inventory account for April? Select one:

The following monthly data are available for the Sumslow Com…

The following monthly data are available for the Sumslow Company and its only product: Unit selling price $36 Unit variable expenses $28 Total fixed expenses $51,000 Actual sales for the month of March 7,000 units The margin of safety for the company during March was:

Leap Company has collected the following information: Co…

Leap Company has collected the following information: Cost to buy one unit $24 Production costs per unit:     Direct materials $10   Direct labor $8   Variable manufacturing overhead $1 Total fixed manufacturing overhead $95,000 What level of production is needed for Leap to be indifferent between making or buying the part, assuming it can eliminate $75,000 of fixed costs?

Paris Corp. obtained the following information from the Raw…

Paris Corp. obtained the following information from the Raw Materials Inventory account and purchasing records for the second quarter of the current year: Beginning Raw Materials $5,000 Ending Raw Materials $3,000 April Purchases $4,000 May Purchases $2,000 June Purchases $2,000 The amount of Raw Materials used this period was: