# The cost of goods sold for July for Ruggeri Corporation was by 22AThu

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```									         ACC 3123 ~ PRACTICE TEST
1. During the month of August, direct labor cost totaled \$13,000 and direct labor cost was 20%
of prime cost. If total manufacturing costs during August were \$88,000, the manufacturing
A. \$75,000
B. \$23,000
C. \$65,000
D. \$52,000

2. In August direct labor was 60% of conversion cost. If the manufacturing overhead for the
month was \$54,000 and the direct materials cost was \$34,000, the direct labor cost was:
A. \$36,000
B. \$22,667
C. \$51,000
D. \$81,000

3-4.   Ruggeri Corporation reported the following data for the month of July:

3. The cost of goods manufactured for July for Ruggeri Corporation was:
A. \$152,000
B. \$172,000
C. \$177,000
D. \$162,000

4. The cost of goods sold for July for Ruggeri Corporation was:
A. \$196,000
B. \$120,000
C. \$148,000
D. \$244,000

5-6. Nadell Corporation reported the following data for the month of April:

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5. If the raw materials purchased by Nadell Corporation during April totaled \$63,000, what was
the cost of the raw materials used in production for the month?
A. \$63,000
B. \$61,000
C. \$62,000
D. \$65,000

6. If the Nadell Corporation transferred \$234,000 of completed goods from work in process to
finished goods inventory during April, what was the cost of goods sold for the month?
A. \$234,000
B. \$235,000
C. \$220,000
D. \$248,000

7. The management of Degenhart Corporation, a manufacturing company, has provided the
following data for February:

The contribution margin for February was:
A. \$34,000
B. \$323,000
C. \$191,000
D. \$310,000

8. A company has provided the following data:

If the dollar contribution margin per unit is increased by 10%, total fixed cost is decreased by
20%, and all other factors remain the same, net operating income will:
A. increase by \$61,000.
B. increase by \$20,000.
C. increase by \$3,500.
D. increase by \$11,000.

9. Filson Inc., a company that produces and sells a single product, has provided its contribution
format income statement for February.

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If the company sells 9,700 units, its total contribution margin should be closest to:
A. \$252,200
B. \$74,026
C. \$247,000
D. \$263,200

10. Last year, Perry Company reported profits of \$4,200. Its variable expenses totaled \$66,000 or
\$6 per unit. The unit contribution margin was \$3.00. The break-even point in unit sales for Perry
Company is:
A. 11,000
B. 9,600
C. 22,000
D. 12,400

1-B / 2-D / 3-B / 4-A / 5-B / 6-C / 7-B / 8-D / 9-A / 10-B
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