In 2014, Ball Labs incurred the following costs: Direct costs of doing contract research and development work

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In 2014, Ball Labs incurred the following costs:
Direct costs of doing contract research and development work for the government to be reimbursed by a governmental unit $400,000

Research and development costs not included above were:
Depreciation .......... $300,000
Salaries .............. 700,000
Indirect costs appropriately allocated . 200,000
Materials ............ 180,000

Required:
What was Ball’s total research and development expense in 2014?

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Related Book For  book-img-for-question

Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

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