Norton Inc. could improve its current ratio of 2 by: Multiple Choice purchasing inventory on credit. selling merchandise on credit at a profit. writing off an uncollectible receivable. paying a previously declared stock dividend. The following accounts are from last year’s books at Sharp Manufacturing: Raw Materials Bal 0 (b) 156,600 (a) 170,500 13,900 Work In Process Bal 0 (f) 520,400 (b) 133,300 (c) 170,600 (e) 216,500 0 Finished Goods Bal 0 (g) 473,000 (f) 520,400 47,400 Manufacturing Overhead (b) 23,300 (e) 216,500 (c) 27,300 (d) 158,600 7,300 Cost of Goods Sold (g) 473,000 Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of cost of goods manufactured for the year? Multiple Choice $520,400 $465,700 $473,000 $256,550 The Tolar Corporation has 400 obsolete desk calculators that are carried in inventory at a total cost of $576,000. If these calculators are upgraded at a total cost of $120,000, they can be sold for a total of $180,000. As an alternative, the calculators can be sold in their present condition for $40,000. What is the financial advantage (disadvantage) to the company from upgrading the calculators? Garrison 16e Rechecks 2017-12-15 Multiple Choice $20,000 ($60,000) $140,000 ($580,000) When using a flexible budget, a decrease in activity within the relevant range: Multiple Choice increases variable cost per unit. increases total costs. decreases variable cost per unit. decreases total costs.