50.1K

Verified Solution

Link Copied!

A statement of cash flows is a financial report that (choose the best answer) cion 39 et ered ed out of Select one: O a. Support the income statement. O b. That highlight sources and uses of cash. O c. Highlights the major activities that impact cash flows and, hence, affect the overall cash balance. O d. Shows the changes in the account balances. tion IVERSI Question 34 Variable costing is a costing method that includes, Not yet answered Marked out of 1.00 Flag Select one: O a. All variable manufacturing cost and variable selling cost O b. All variable manufacturing cost O c. All cost to make and sell the product O d. All manufacturing cost question Question 14 Not yet answered Marked out of 1.00 Booths Industry produces two products from a common input. Data relating to the two products are given below: Product A Product B Sales value at split-off point............ $100,000 $110,000 Allocated joint product costs........... $45,000 90,000 Sales value after further processing........ $120,000 200,000 Cost of further processing. $20,000 85,000 P Flag question At present practice Booths Industry sold each joint product after further processing. If the joint product will be sold at split-off point, how much would be the difference in the company's overall profit? Select one: O a. $5,000 difference higher than at present practice. b. $110,000 difference less than at present practice. O c. $5,000 difference less than at present practice. O d. $10,000 difference less than at present practice. Next page Question 21 Not yet answered $45,000 Marked out of 1.00 Given the following data: Average operating assets.... Sales......... Contribution margin....... Net operating income....... $180,000 $21,600 P Flag question $9,000 The company's rate of return on investment (ROI) would be, Select one: O a. ROI is 48% O b. ROI is 30% O C. ROI is 20% O d. ROI is 12% = Qui Que chc Green Company manufactures a single product and has the following cost structure: Variable costs per unit: Direct materials $3 Direct labor.. $4 Variable manufacturing overhead...... $1 Variable selling and administrative expenses $2 Fixed costs per month: Fixed manufacturing overhead. $100,000 Fixed selling and administrative expenses.... $60,000 9 The company produced 25,000 units and sold $18,000 units during the month. Under absorption costing method, the cost of goods manufactured would be: Select one: a. $$300,000 O b. $180,000 O c. $160,000 O d. $260,000 Next page

Answer & Explanation Solved by verified expert

See Answer