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Question
Use the information provided to calculate the missing cash paid for merchandise for the period.| Accounts payable, beginning-year"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6. | $ | 60,000 | |
| Cost of goods sold"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6.. | 244,000 | ||
| Merchandise inventory, beginning-year"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6. | 35,000 | ||
| Merchandise inventory, year-end"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6 | 40,500 | ||
| Accounts payable, year-end"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6 | 64,800 | ||
| Cash paid for merchandise"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6"u00a6.. | $ |
Answer
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Direct labor X X
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Variable manufacturing overhead
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Direct materials
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Match the following
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Given the following data, calculate product cost per unit under variable costing.
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Total fixed overhead $85,000
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Given the Cool Pools Company data, what is net income using absorption costing?
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