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Classic Sound is a start-up company that produces vinyl records for numerous record labels worldwide. The company has two full-time employees working in the production
Classic Sound is a start-up company that produces vinyl records for numerous record labels worldwide. The company has two full-time employees working in the production department while the CEO splits her time 80/20% between developing new business and overseeing the production process. Information taken from the accounting records for the first three months of operations is shown below. Required: 1. Prepare a schedule of cost of goods manufactured for the company for the month. (Do not leave any empty spaces: input a 0 wherever it is required.) 2. What types of expenses are likely included in the total manufacturing overhead cost of $33,150 incurred for the first three months of operation? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer, Any boxes left with a question mark will be automatically graded as incorrect.) Selling expense Administrative expense Ending wotk in process imventory Rent for the production facility Depreclation on the production equipment Insurance on the production equipment Indirect materials used in producing records Indirect labour related to the CEOs supervision of the production process (20s, of her time) 2 indirect iabour related to production facility repair, maintenance, and security
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