Problem D. Multiple Choice - Various Chapters (30 minutes)(25 points total, 2 points each): [Accounting Knowledge] Part 1. Gamma Company provided the following data: Beginning work-in-process inventory $ 75,000 Ending work-in-process inventory 85,000 Beginning finished goods inventory 175,000 Ending finished goods inventory 200,000 Cost of goods manufactured 1,200,000 Compute the cost of goods sold (COGS). a. $1,210,000 b. $1,175,000 C. $1,185,000 d. $1,225,000 [Accounting Knowledge] Part 2. Contribution margin equals: a. revenues minus period costs b. revenues minus product costs c. revenues minus variable costs d. revenues minus fixed costs [Accounting Knowledge] Part 3. Fox corporation provides the following data for its specialty product: Selling price $100 per unit, total fixed costs $16,000, and variable costs $20 per unit. Compute the breakeven point in units. a. 100 units b. 300 units 400 units d. 200 units [Accounting Knowledge] Part 4. Owl Corporation's budgeted manufacturing overhead is $3,300,000. Overhead is allocated on the basis of direct labor hours. Budgeted direct labor hours for the period are 60,000. Compute the manufacturing overhead rate. a. $47.00 b. $56.00 C. $75.00 d. $55.00