Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

kindly refer to photos attached. thankyou 13. 14. 15. 16. 17. 18. 19. 20. Cleaning materials consumed in the printing company, P1200, of which 30%

image text in transcribed

kindly refer to photos attached. thankyou

image text in transcribedimage text in transcribed
13. 14. 15. 16. 17. 18. 19. 20. Cleaning materials consumed in the printing company, P1200, of which 30% is charged to printing department. 7 Insurance for the printing company, P2400, 75% of which is charged to printing department. Salary of the sales manager of the printing company, P10,000 Special discounts granted to the client, P5000 Insurance expired, P2,400 of which 60% is c rged to printing department. Costs of board paper used for covering the Roles, P5,000 Maintenance costs for the printing machine, 500. Cost of fire extinguisher installed in the printin \\area, P7500. Instructions: Classify the above. costs using the answer sheet format pi/pvided below by putting the amounts under the proper category. Use the answer sheet format provided below: Direct E Materials Mutual Printing Company housed its production, administrative and sales office in one building. The following costs are incurred by Mutual Printing Company for the current period. 1. Rolls of paper issued to printing department, P50,000 2. Inks used in printing, P20,000 3. Rent paid for the printing equipment used, P10,000 4. Permit paid to Makati City Hall for renewing its permit to operate, P2,500 5. Salaries of printers and collators, P15,000 6. Salary paid to the driver of delivery van, P5,000 7. Costs of office supplies consumed for the month, P1,200 8. Costs of films and plates used in the printing department, P28,000 9. Repairs and maintenance for the machinery, P2,800 10. Commissions paid to the sales agents, P8,500 11. Salary paid to the utility man in the printing company, P12,000 of which 30% is charged to printing department. 12. Payment for light & power consumption in the printing department, P9,000 and P5,000 in administrative and sales office

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

Ethical Obligations and Decision Making in Accounting Text and Cases

Authors: Steven M. Mintz, Roselyn E. Morris

5th edition

1259969460, 73403997, 1260480852, 978-1259969461

More Books

Students also viewed these Accounting questions