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QUESTION 25 Justin is a brooch manufacturer. Its 2020 cost of goods manufactured...

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Accounting

QUESTION 25

  1. Justin is a brooch manufacturer. Its 2020 cost of goods manufactured was 1,620,000 and cost of goods sold was 1,080,000. What is the unit product cost if Justin manufactured 18,000 brooches and sold 13,500 brooches for the year?

    a.

    120
    b.

    90
    c.

    30
    d.

    60

1 points

QUESTION 26

  1. If accounts receivable have increased during the period,

    a.

    expenses on an accrual basis are greater than expenses on a cash basis.
    b.

    revenues on an accrual basis are less than revenues on a cash basis.
    c.

    revenues on an accrual basis are the same as revenues on a cash basis.
    d.

    revenues on an accrual basis are greater than revenues on a cash basis.

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