Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11:21 Exit The business had the following costs during June: 1.816 1,752 Research and development Design costs Factory utilities 3,437 Factory depreciation 7,115 Administration 47,658

image text in transcribed
image text in transcribed
image text in transcribed
11:21 Exit The business had the following costs during June: 1.816 1,752 Research and development Design costs Factory utilities 3,437 Factory depreciation 7,115 Administration 47,658 depreciation Direct materials 8,492 purchased Indirect materials 98,119 used Direct labour Indirect labour 69,849 181 The inventory balances were: Ending 278 Beginning Raw materials 257 inventory Work in 4.365 process Finished goods 7,882 inventory 322 157 Calculate total period costs. The business had the following costs during June: Research and development 2,509 Design costs 2,007 Factory utilities 3,667 Factory depreciation 4,697 Administration depreciation 5,942 Direct materials purchased 69,417 Indirect materials used 4,621 Direct labour 98,671 Indirect labour 1,930 The inventory balances were: Beginning Ending Raw materials inventory 671 498 Work in process 805 112 Finished goods inventory 603 831 Total inventory at the end of the year. Question 11 1 pts Manufacturing overhead includes: O sales commissions O indirect materials O advertising costs O finished goods inventory

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_2

Step: 3

blur-text-image_3

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

Financial Accounting

Authors: David Spiceland

6th Edition

1265889716, 978-1265889715

More Books

Students also viewed these Accounting questions

Question

Cite advantages and disadvantages of hot working and cold working.

Answered: 1 week ago