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PROBLEM 2–21 Schedule of Cost of Goods Manufactured; Income Statement; Cost Behavior [ LO2 , LO3 , LO4 , LO5 , LO6 ] Selected account balances for the year ended December 31 are provided below for Superior Company: Selling and administrative salaries . . . . . . . . . . . . Purchases of raw materials . . . . . . . . . . . . . . . . . . Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advertising expense . . . . . . . . . . . . . . . . . . . . . . . Manufacturing overhead . . . . . . . . . . . . . . . . . . . . Sales commissions . . . . . . . . . . . . . . . . . . . . . . . . $110,000 $290,000 ? $80,000 $270,000 $50,000 Inventory balances at the beginning and end of the year were as follows: Beginning of the Year Raw materials . . . . . . . . . . . . . . Work in process . . . . . . . . . . . . . End of the Year $40,000 ? Finished goods . . . . . . . . . . . . . $50,000 $10,000 $35,000 ? The total manufacturing costs for the year were $683,000; the goods available for sale totaled $740,000; and the cost of goods sold totaled $660,000. Required: 1. 2. 3. 4. Prepare a schedule of cost of goods manufactured and the cost of goods sold section of the company’s income statement for the year. Assume that the dollar amounts given above are for the equivalent of 40,000 units produced during the year. Compute the average cost per unit for direct materials used and the average cost per unit for manufacturing overhead. Assume that in the following year the company expects to produce 50,000 units and manufacturing overhead is fi xed. What average cost per unit and total cost would you expect to be incurred for direct materials? For manufacturing overhead? (Assume that direct materials is a variable cost.) As the manager in charge of production costs, explain to the president the reason for any difference in average cost per unit between (2) and (3) above. 190982kjv0h46pzs97nd6v 121313umvugc25bkin7tp3 radio app Gacha club 18 + Tik tok + 18 Dack life battle Fun modder fun target hack apps reproductor de música apk de paga mediafıre 794098kn17n27r6gz8tmnh 358976pdgexiyrn9v80elx 8261259le5r35l1sq5fhmu Jaco بوستر شوب - للتصميم والكتابة على فيديو xnxxx 760298zsr5y6gwj37p9o7w minecaft 2 Apk4K1xbet hack 4900417kblp0vxnfykwzy8 Crash bandicoot 4 para androide Apk open slot v1.3.008 Car sounds 191949l2kpq5lts4ytfvss 75677zo68gn4pnr52ldgp vdresschanger 1xbert cracker i dragon games openwinner OmeTV++ Amazefit Ez cash hack mod Quote about lemonsito Aim assit pro for 8 ball poll 54472692a1ftacr7fogm1v dowlod carom boll 854641hp2mfy3p4c3d8tla GTA 5 games Aplikasi hak togel Europym 27 de enero 390196ci1hukloc06vdthb 471067j57vzi5wh9s2k3f0 528210bwwkc0rl8xr3mf3g com.boomhits.racedrift Omemaro3d 36647973zekswau3lc2ah3 KFHCapitalInvestmentCompany(K.S.C.C)/ anime cloud 841229ws1o1fa70wbju1x6 9916772nku6ll96sxp9791 548781bzm4dy5ro1ippoas