Hey Co. Corp. vid the following inventory mounts: 9/30/2020 12/31/2020 Rus/ materials ??? 56572 WIE...

60.1K

Verified Solution

Question

Accounting

image

Hey Co. Corp. vid the following inventory mounts: 9/30/2020 12/31/2020 Rus/ materials ??? 56572 WIE 95374 83310 of materials to work in process. . Finished goods 47892 45162 During Q4 2020, the company purchased of rar: materials and transferred 160000 Hey Couses full absorption costing. How much raw inaterials did Hey Co. have at 9/30/2020? 155000 Answer: variable manufacturing overhead varable non-manufacturing overhead During Q4 2020 Hey Co. incurred the following costs: direct labor : How much is the cast of goods sold for Q4 2020? fixed manufacturing overhead 11000 13000 and fixed non-manufacturing overhead 120100 25000 17000 Answer: S 200000 Notwithstanding the answer you got to the ast question, assume the OOCS was actually Hey Co. arned revenue of Q4 2020 Whatva Hey Co. Sprofit margin in 01? Answer: Using the numbers provided in the immediately prior question calculate the gross margin percentage Round to the touch of a percent and write as the amount of excrcent. For example, if you cakula 26.68 yru should writ is the wr. 26.9 fullsme

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students