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PROBLEM 1 (Research and Development Costs) The following costs were incurred by Rose Corp. during 2021: Searching for applications of new research findings P 57,000
PROBLEM 1 (Research and Development Costs) The following costs were incurred by Rose Corp. during 2021: Searching for applications of new research findings P 57,000 Troubleshooting in connection with breakdowns during commercial production 87,000 Adaptation of an existing capability to a particular requirement or customer's need as a part of continuing commercial activity 39,000 Engineering follow-through in an early phase of commercial production 45,000 Radical modification of the formulation of a glassware product 78,000 Laboratory research aimed at discovery of new knowledge 204,000 Testing for evaluation of new products 72,000 Quality control during commercial production, including routine testing of products 174,000 Materials consumed in research and development projects 177,000 Consulting fees paid to outsiders for research and development projects 300,000 Personnel costs of persons involved in research and development projects 384,000 Indirect costs reasonably allocable to research and development projects 150,000 Materials purchased for future research and development projects 102,000 Research and development costs reimbursable under a contract to perform research and development for a client 1,050,000 Design, construction and testing or preproduction prototypes and models 870,000 Routine on-going efforts to refine, enrich or otherwise improve upon the qualities of an existing product 750,000 How much is the total amount to be classified and expensed as research and development for 2021
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