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zvonat [6]
3 years ago
14

From the list below, select the items that are classified as a materials activity. (You may select more than one answer. Single

click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Raw materials used
Raw materials beginning inventory
Raw materials purchases
Work in process beginning inventory
Goods manufactured
Direct labor used
Factor overhead used
Business
1 answer:
Sonbull [250]3 years ago
4 0

Answer and Explanation:

The classification is as follows:

Under Materials activity  

Opening balance of Raw materials inventory

Purchase of the Raw materials purchases

Under Production activity:

OPening balance of Work-in process inventory

Raw material used

Direct labor used

Factory overhead used

Under Sales activity:

Goods manufactured

In this way it should be categorized

Hence, the same should be relevant

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Answer:

1. 13.8% and 14.6%

2. 13.6% and 16.5%

3. 1.01 times and 0.88 times

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where, average invested assets would be

= (Invested assets, beginning + Invested assets, ending) ÷ 2

For Beverage Division, it would be

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For Cheese Division, it would be

= $651 ÷ {($4,489 + $4,417) ÷ 2}

= $651 ÷ $4,453

= 14.6%

2. Profit margin = (Operating income ÷ sales) × 100

For Beverage Division, it would be

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For Cheese Division, it would be

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3. Investment turnover = Sales ÷ Average Operating Assets

For Beverage Division, it would be

= $2,698 ÷ {($2,696 + $2,610) ÷ 2}

= $2,698 ÷ $2,653

= 1.01 times

For Cheese Division, it would be

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