QUESTION 29 The following information Raw materials used Direct labor wages Sales salaries and comme Depreciation on product: Rent on manufacturing f Packaging and shipping s Sales revenue Units produced and sold Selling price per unit Based on this informatio O $93,820 $66,720 $47,410 O$63,510
QUESTION 29 The following information Raw materials used Direct labor wages Sales salaries and comme Depreciation on product: Rent on manufacturing f Packaging and shipping s Sales revenue Units produced and sold Selling price per unit Based on this informatio O $93,820 $66,720 $47,410 O$63,510
Chapter1: Financial Statements And Business Decisions
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Transcribed Image Text:QUESTION 29
The following information relates to the operations of Cruz Manufacturing during the current year:
Raw materials used
Direct labor wages
Sales salaries and commissions
Depreciation on production equipment
Rent on manufacturing facilities
Packaging and shipping supplies
Sales revenue
Units produced and sold
Selling price per unit
12,100
32,100
27,100
2210
17,100
3210
97,100
12,100
13.00
$
Based on this information, what is the company's cost of goods sold? (Do not round intermediate calculations.)
$93,820
$66,720
$47,410
$63,510
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