Question: **WILL ONLY GET POINTS IF EXPLAIN THE ANSWER 1. The break-even in units sold will decrease if there is an increase in: a. Unit sales
**WILL ONLY GET POINTS IF EXPLAIN THE ANSWER
1. The break-even in units sold will decrease if there is an increase in:
a. Unit sales volume
b. total fixed expenses
c. unit variable expenses
d. Selling Price
2. Meyers Corporation had the following inventory balances at the beginning and end of November:
| November 1 | November 30 | |||
| Raw Materials | $ | 17,000 | $ | 20,000 |
| Finished Goods | $ | 50,000 | $ | 44,000 |
| Work in Process | $ | 9,000 | $ | 11,000 |
| During November, $39,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $8 per direct labor-hour, and it paid its direct labor workers $10 per hour. A total of 300 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $4,700 of direct materials cost. The Corporation incurred $28,000 of actual manufacturing overhead cost during the month and applied $26,400 in manufacturing overhead cost. |
| The direct materials cost in the November 1 Work in Process inventory account totaled: |
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
