Gusler corporation makes one product and has provided the following information:

budgeted sales, may 9,500 units
raw materials requirement per unit of output 2 pounds
raw materials cost $ 2.00 per pound
direct labor requirement per unit of output 2.7 direct labor-hours
direct labor wage rate $ 20.00 per direct labor-hour
predetermined overhead rate (all variable) $ 10.00 per direct labor-hour
the estimated cost of goods sold for may is closest to:

multiple choice

$646,000

$807,500

$256,500

$551,000

Yang corporation starts a foreign subsidiary on january 1 by investing 20,000 rand. yang owns all of the shares of the subsidiary’s common stock. the foreign subsidiary generates 40,000 rand of net income throughout the year and pays no dividends. the rand is the foreign subsidiary’s functional currency. currency exchange rates for 1 rand are as follows: lo 10-3 january $0.25 = 1 rand average for the 0.28 = 1 december 0.31 = 1 in preparing consolidated financial statements, what translation adjustment will yang report at the end of the current year? a. $400 positive (credit). b. $1,000 positive (credit). c. $1,400 positive (credit). d. $2,400 positive (credit). hoyle, joe ben; hoyle, joe ben. advanced accounting (page 513). mcgraw-hill higher education. kindle edition.