Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please solve tbe cost classification D G Ch. 2.Cost Classification Homework Loring Company incured the following costs last year Direct Materials Factory Rent Direct Labo
please solve tbe cost classification
D G Ch. 2.Cost Classification Homework Loring Company incured the following costs last year Direct Materials Factory Rent Direct Labo Factory Utilities Supervision in the factory Indirect labor in the factory Depreciation on factory equipment Sales commissions Sales alles 4 Advertising 5 Depreciation on the headquarters building 6 Salary of the corporate receptionist 7 Other administrative costs 18 Salary of the factory receptionist 19 20 Required $216,000 24,000 120,000 6,300 50,000 30,000 9,000 + 27,000 65.000 37,000 10,000 30.000 175,000 28,000 11. Causty each of the conts using the following table format. Be sure to total the amount in each column. 22 Example Direct material, $216,000 23 2. What was the total product cost for last year? 24 3. What was the total period cost folosear? 25 4.730.000 units were produced last year, what was the unit product cost? 26 27 28 29 Product Cost Direct Manufacturing 30 Corts Materials Director Overhead $216.000 32 33 34 35 36 27 38 Pared Cost Selling en Administrative pense 41 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started