Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. ABC company had the following expenses in June. Factory Utilities Expense $ FactoryManager's salary Factory Security people salaries Indirect Materials Direct Materials used Depreciation

image text in transcribed
1. ABC company had the following expenses in June. Factory Utilities Expense $ FactoryManager's salary Factory Security people salaries Indirect Materials Direct Materials used Depreciation on Factory Equipment Depreciation on Sales ofice copy machines Commissions for Sales people From the information above determine the total amount of 1 Total Manufacturing Overhead 2 Total Manufacturing Product Costs 3 Total Non-Manufacturing/Period Costs 14,000 Direct labor 20,000 Advertising Expense 60,000 Property taxes on Factory Equipment 12,000 Property taxes on Sales office 200,000 Factory building repairs 16,000 Sales people's salaries 6,000 Office supplies for Admin office Expense 30,000 Factory Insurance Cost $ 150,000 35,000 10,000 5,000 4,200 75,000 3,000 6,000 $11 136 200 486,200 124,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Frank Woods Business Accounting An Introduction To Financial Accounting

Authors: Alan Sangster, Lewis Gordon, Frank Wood

15th Edition

1292365439, 9781292365435

More Books

Students also viewed these Accounting questions

Question

Discuss the relationship between historical cost and reliability.

Answered: 1 week ago

Question

What is the financial outlook of the organization?

Answered: 1 week ago