A firm had a beginning finished goods inventory of $20,000; an ending finished goods inventory of $15,000,

Fantastic news! We've Found the answer you've been seeking!

Question:

A firm had a beginning finished goods inventory of $20,000; an ending finished goods inventory of $15,000, and its cost of goods sold was $80,000. The cost of goods manufactured was: 1 point a. $80,000

b. $85,000

c. $75,000

d. $65,000

Bridal Shop sells wedding dresses. The cost of each dress is comprised of the following: The selling price of $1,000 and variable (flexible) costs of $400. Total fixed (capacity-related) costs for Bridal Shop are $90,000.A. What is the contribution margin per dress? 1 point a. $600 b. $1000 c. $400 d. $8600 If the contribution margin per unit is $1000 and the contribution margin percentage is 25%, then the selling price would be 1 point a. $2,500 b. $4,000 c. $3,800 d. $3,800 The margin of safety in dollars is the excess of actual sales over the break-even volume of sales 1 point

a. True

b. False