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
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a. 320.000
O b. 510.000
c. 290.000
Applied to the cost
of production
870,000.00
260,000.00
450,000.00
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
70,000.00
120,000.00
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?
d. 250.000
850,000.00
250,000.00
400,000.00
Applied to the
period costs
1,500,000.00
Applied to the idle Applied to the cost of
capacity losses
PPE
10,000.00
70,000.00
120,000.00
30,000.00
230,000.00
40,000.00
40,000.00
20,000.00
10,000.00
TOTAL
15,000.00
45,000.00
Transcribed Image Text:a. 320.000 O b. 510.000 c. 290.000 Applied to the cost of production 870,000.00 260,000.00 450,000.00 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 70,000.00 120,000.00 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? d. 250.000 850,000.00 250,000.00 400,000.00 Applied to the period costs 1,500,000.00 Applied to the idle Applied to the cost of capacity losses PPE 10,000.00 70,000.00 120,000.00 30,000.00 230,000.00 40,000.00 40,000.00 20,000.00 10,000.00 TOTAL 15,000.00 45,000.00
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