Managerial Accounting Test
TEST QUESTIONS:
Questions 1-3 refer to the following:
The following selected data for March were taken from Rubenstein
Companys financial statements:
Cost of goods available for sale Manufacturing overhead
Cost of goods manufactured
Finished goods inventory - ending
Direct materials used
Sales
Selling and administrative expenses
Direct labor
Work in process inventory - beginning
$ 65,000
20,000
51,000
10,000
15,000
105,000
30,000
20,000
0
1. The gross margin was:
1. $55,000.
2. $54,000.
3.