#1 . If the finished goods inventory account balance increased
by 34,000 during the period and the cost of goods manufactured was
$321,000. How much is left in the cost of goods sold account?
Possible answers -
1. $287,000
2. Not enough information is provided
3. $321,000
4. $355,000
#2. Cellular Times sells smartphones for $150.00. The variable unit
cost per phone is $25.00 plus a 10% sales commission. Fixed
manufacturing costs make 5,600 a month. While the fixed costs of
sales and administration attend to 2,100 dollars. What is the
contribution margin by phone.
1. $110.00 dollars
2. Not enough information is provided
3. $125.00
4. Others