Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4 Furniture Co manufactures furniture and incurred the following costs during January: Timber 25,000 Paint 5,000 Wages - assembly personnel 20,000 Wages - factory supervisor

image text in transcribedimage text in transcribed 4 Furniture Co manufactures furniture and incurred the following costs during January: Timber 25,000 Paint 5,000 Wages - assembly personnel 20,000 Wages - factory supervisor 3,500 Factory cleaner's wages 2,000 Sales commissions 10,000 Administrative staff salaries 4,000 Depreciation - factory equipment 3,000 Depreciation - sales office equipment 1,000 Utilities, insurance - factory 6,000 Utilities, insurance - sales office 2,000 Advertising 8,000 Total costs 89,500 The total of the prime costs' is: a. $30,000 b. $65,000 c. $50,000 d. $50,500 QUESTION 4 Furniture Co manufactures furniture and incurred the following costs during January: Timber 25,000 Paint 5,000 Wages - assembly personnel 20,000 Wages - factory supervisor 3,500 Factory cleaner's wages 2,000 Sales commissions 10,000 Administrative staff salaries 4,000 Depreciation - factory equipment 3,000 Depreciation - sales office equipment 1,000 Utilities, insurance - factory 6,000 Utilities, insurance - sales office 2,000 Advertising 8,000 Total costs 89,500 The total of the prime costs' is: a. $30,000 b. $65,000 c. $50,000 d. $50,500

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

Managerial Accounting

Authors: Charles E. Davis, Elizabeth Davis

2nd edition

1118548639, 9781118800713, 1118338448, 9781118548639, 1118800710, 978-1118338445

More Books

Students also viewed these Accounting questions