In 2017, Ball Labs incurred the following costs: Direct costs of doing contract research and development work

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In 2017, 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 2017?
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Related Book For  book-img-for-question

Financial Reporting and Analysis

ISBN: 978-1259722653

7th edition

Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer

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