Cost of direct materials, cost of goods manufactured, cost of goods sold bisby company manufactures fishing rods. at the beginning of july, the following information was supplied by its accountant: raw materials inventory $40,000 work-in-process inventory 21,000 finished goods inventory 23,200 during july, the direct labor cost was $43,500, raw materials purchases were $64,000, and the total overhead cost was $108,750. the inventories at the end of july were: raw materials inventory $19,800 work-in-process inventory 32,500 finished goods inventory 22,100 required:

1. what is the cost of the direct materials used in production during july? $
2. what is the cost of goods manufactured for july? $
3. what is the cost of goods sold for july?

Which statement best defines a grant? a grant is an educational plan in which students alternate between studying for school and gaining work experience. a grant is a loan offered to students to pay for education-related expenses. a grant is money given by an organization for a specific purpose. a grant is a loan offered to anyone who is thinking about attending college.

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

Kahn company's static budget was based on sales volume of 12,000 units. its flexible budget was based on sales volume of 14,000 units. based on this information multiple choice the sales volume variance is expected to be unfavorable. the materials cost volume variance is expected to be favorable. the labor cost volume variance is expected to be unfavorable. none of the answers is correct.