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Today organizations are using microcomputers for data presentation
because microcomputer use, compared to mainframe use, is more
Question 1 (COST-0056)
The following is selected information from the records of Ray, Inc.:
Purchases of raw materials
Raw materials, beginning
Raw materials, ending
Work-in-process, beginning
Work-in-process, ending
Cost of goods sold
Finished goods, beginning
Finished goods, ending
What is the total amount of conversion costs?
Question 2 (PLAN-0049)
A defense contractor for a government space project has incurred
$2,500,000 in actual design costs to date for a guidance system whose
total budgeted design cost is $3,000,000. If the design phase of the
project is 60% complete, what is the amount of the contractor's current
overrun/savings on this design work?
Question 3 (COST-0044)
A company with three products classifies its costs as belonging to five
functions: design, production, marketing, distribution, and customer
services. For pricing purposes, all company costs are assigned to the