Answer Happy

30. The current period statement of cash flows includes the
following: Cash balance at the beginning of the period $404,929 Net
cash flows from operating activities 187,010 Net cash flows used
for investing activities (55,595) Net cash flows used for financing
activities (103,435) The cash balance at the end of the period
is
a. $432,909 b. $245,899 c. $750,969 d. $488,504
36. Compute conversion costs given the following data: direct
materials, $372,700; direct labor, $204,600; factory overhead,
$185,300 and selling expenses, $42,600.
a.$762,600
b.$558,000
c.$142,700
d.$389,900
37. Use the information provided for Jensen Company to answer
the question that follow.
Jensen Company’s product costs are
a.$770,000
b.$825,000
c.$920,000
d.$995,000
38. The following information is taken from the financial
records of Gunner Manufacturing:
What is the cost of goods manufactured?
a.$178,000
b.$132,000
c.$142,000
d.$122,000
42. If sales are $814,000, variable costs are 73% of sales, and
income from operations is $214,000, what is the contribution margin
ratio?
a.69%
b.27%
c.31%
d.73%
43. A firm operated at 80% of capacity for the past year, during
which fixed costs were $196,000, variable costs were 64% of sales,
and sales were $1,092,000. Income from operations was
a.$698,880
b.$197,120
c.$393,120
d.$157,696