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Cost and sales information for the most recent fiscal year are shown below. WALLACE RIVER COMPANY Cost and Sales Information For the Year Ended December
Cost and sales information for the most recent fiscal year are shown below. WALLACE RIVER COMPANY Cost and Sales Information For the Year Ended December 31 Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending 4 Depreciation, factory Insurance, factory Direct labour Maintenance, factory $90.500 10500 17.500 42.300 5.000 60,500 30,000 70200 455.000 Administrative expense Sales Utilities, factory 27.000 Supplies, factory 1,000 Selling expense Advertising expense Indirect labour factory Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory ending 1. Acume that the company produced 10,000 units of product during the year. What was the average cost per unit for direct materia 80200 20.200 65,000 7,000 30000 50.000 40000 Choose (Round your answers to 2 decimal places) Choose... 542300 2. Assume that the company produced 10,000 units of product during the year. What was the average cost per unit for factory depreciation? (Round your answers to 2 decimal places.) $81.500 $423 $835 $125250 5212 $63450 3. Assume that the company expect to produce and sell 15,000 units of product during the coming year. What is the total cost would you expect the company to incur for deect materials at this level of activity Assume the supplier of direct material wil not increase the price of direct materials nest year. (Round your answers to 2 decimal places.) 4. Assume that the company expects to produce and sell 15,000 units of product during the coming year. What is the total cost would you expect the company to incur for factory depreciation at this level of activity? For factory depreciation, assume that the company uses straight-line depreciation and that the factory equipment has five years of useful life remaining. (Round your answers to 2 decimal places.) Choo
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