Direct materials cost applied account Direct labor cost applied account Factory overhead applied account Selling expenses applied account General adm. Exp. Applied account Financing expenses applied account TOTAL a. 320.000 O b. 510.000 O c. 290.000 Applied to the cost of production d. 250.000 850,000.00 250,000.00 400,000.00 Applied to the period costs 10,000.00 70,000.00 120,000.00 30,000.00 230,000.00 Applied to the idle Applied to the cost of capacity losses PPE 40,000.00 15,000.00 1,500,000.00 40,000.00 45,000.00 1,815,000.00 Suppose that applied accounts of a production company is as attached. The inventory balances is as follows: raw materials (beginning: 140.000 TL, ending: 115.000 TL), work-in process (beginning: 60.000 TL, endina: 55.000 TL) and finished goods (beginning: 65.000 TL, ending: 80.000 TL). What is the cost of goods sold? a. 1.505.000 b. 1.490.000 c. 1.500.000 d. 2.100.000 Refer to Question. Suppose that sales revenue is 2.000.000 TL. What is the net income? 20,000.00 10,000.00 TOTAL 870,000.00 260,000.00 450,000.00 70,000.00 120,000.00 45,000.00

Direct materials cost applied account Direct labor cost applied account Factory overhead applied account Selling expenses applied account General adm. Exp. Applied account Financing expenses applied account TOTAL a. 320.000 O b. 510.000 O c. 290.000 Applied to the cost of production d. 250.000 850,000.00 250,000.00 400,000.00 Applied to the period costs 10,000.00 70,000.00 120,000.00 30,000.00 230,000.00 Applied to the idle Applied to the cost of capacity losses PPE 40,000.00 15,000.00 1,500,000.00 40,000.00 45,000.00 1,815,000.00 Suppose that applied accounts of a production company is as attached. The inventory balances is as follows: raw materials (beginning: 140.000 TL, ending: 115.000 TL), work-in process (beginning: 60.000 TL, endina: 55.000 TL) and finished goods (beginning: 65.000 TL, ending: 80.000 TL). What is the cost of goods sold? a. 1.505.000 b. 1.490.000 c. 1.500.000 d. 2.100.000 Refer to Question. Suppose that sales revenue is 2.000.000 TL. What is the net income? 20,000.00 10,000.00 TOTAL 870,000.00 260,000.00 450,000.00 70,000.00 120,000.00 45,000.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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