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Closet Links Clothing Company provided the following manufacturing costs for the month of June. Direct labor cost $138,000 Direct materials cost 80,000 Equipment depreciation (straight-line)
Closet Links Clothing Company provided the following manufacturing costs for the month of June. Direct labor cost $138,000 Direct materials cost 80,000 Equipment depreciation (straight-line) 21,000 Factory insurance 11,000 Factory manager's salary 10,600 Janitor's salary 3,000 Packaging costs 19,600 Property taxes 16,000 From the above information, calculate Closet Link's total variable costs. O A. $299,200 OB. $61,600 O C. $237,600 OD. $218,000 On March 1, 2018, Mandy Services issued a 7% long-term notes payable for $15,000. It is payable over a 4-year term in $4.000 principal installments on March 1 of each year, beginning March 1, 2019. Each yearly installment will include both principal repayment of $4,000 and interest payment for the preceding one-year period What is the amount of total cash payment that Mandy will make on March 1, 2019? O A $4,560 O B. $4,000 OC. $16,000 OD. $5,120
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