At the Beginning of the Year,Rangle Company Expected to Incur

question 148

Multiple Choice

At the beginning of the year,Rangle Company expected to incur $54,000 of overhead costs in producing 6,000 units of product.The direct material cost is $20 per unit of product.Direct labor cost is $30 per unit.During January,600 units were produced.The total cost of the units made in January was:

• A) $30,000
• B) $5,400
• C) $35,400
• D) None of the answers are correct.

Understand different analyses (trend, ratio) and their applications in financial statement analysis.

Understand and calculate key financial ratios including accounts receivable turnover, and distinguish their categories (liquidity, profitability, solvency).

Comprehend the concept of percentage analysis within financial statements.

Interpret future income levels and understand factors influencing these predictions.