Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Happy Feet Running Company manufactures running shoes and has the following costs during the past month: Rubber used to make the product $35,000 Gel used

image text in transcribed
Happy Feet Running Company manufactures running shoes and has the following costs during the past month: Rubber used to make the product $35,000 Gel used to make the product 15,000 Fabric used to make the product 25,000 Lubricants used in the factory equipment 1,300 Glue used to make the product 850 Wages paid to maintenance workers in the factory 3.000 Wages paid to assembly line workers 10,000 Wages paid to factory supervisor 5000 Wages paid to CFO 25.000 Depreciation on factory equipment 17.250 Depreciation on the accounting department's computers 3,000 Depreciation on the sales force vehicles 5.000 Utilities for factory 3.500 Cost of shipping to customers 6,000 Property tax on factory equipment 1.000 Property insurance for the factory 1.200 Cardboard material to box each pair of shoes 6,250 Commissions paid to sales force 7.000 Office supplies for accounting department 1250 Janitorial supplies for the factory 675 What are the total period costs for Happy Feet Running Company for the month

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

Regulation Audit Inspection Standards And Risk A Handbook For Street Level Regulators

Authors: John E Brady, Amy J Brady

1st Edition

0993082238, 978-0993082238

More Books

Students also viewed these Accounting questions