PLEASE ANSWER IMMEDIATELY The following records of Manutech Corporation show the following information:Increase in Raw MaterialsDecrease in Work In ProcessDecrease in Finished GoodsP 10,00015,00030,000PurchasesFreight InFreight OutPurchase ReturnsDirect LaborFactory Overhead550,00020,00030,00010,000250,000100,0009. How much is raw materials used?10. How much is the cost of goods sold?

Net Purchases = Purchases - Purchase return = P550000 - 10000 = P540,000

The following records of Manutech Corporation show the following information: Increase in Raw Materials Decrease in Work In Process Decrease in Finished Goods Purchases Freight In Freight Out Purchase Returns Direct Labor Factory Overhead P 10,000 15,000 30,000 550,000 20,000 30,000 10,000 250,000 100,000 9. How much is raw materials used? 10. How much is the cost of goods sold?

The following records of Manutech Corporation show the following information: Increase in Raw Materials Decrease in Work In Process Decrease in Finished Goods Purchases Freight In Freight Out Purchase Returns Direct Labor Factory Overhead P 10,000 15,000 30,000 550,000 20,000 30,000 10,000 250,000 100,000 9. How much is raw materials used? 10. How much is the cost of goods sold?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

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