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Q11: Yusuf Company manufactures wooden rocking chairs. The company identified the following three material costs in its production process for July: $100,000 for springs for
Q11:
Yusuf Company manufactures wooden rocking chairs. The company identified the following three material costs in its production process for July: $100,000 for springs for the rocking mechanism; two springs at a cost of $10 each are used in each chair; $1,700 for glue used as needed from one gallon containers; and $500 for stain used to touch up spots on the chairs. The total cost that should have been assigned to indirect material for July was:
a.
$500
b.
$1,700
c.
$102,200
d.
$2,200
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