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Question 02: The Fuji Furniture Company manufactures outdoor furniture and incurred the Following costs during the month of January: Timber $25 000 Indirect Material -
Question 02: The Fuji Furniture Company manufactures outdoor furniture and incurred the Following costs during the month of January: Timber $25 000 Indirect Material - Glue $ 500 Wages-factory supervisor $ 3500 Sales commissions $10 000 Depreciation-factory equipment $ 3 000 Utilities, insurance-factory $ 6000 Advertising $ 8 000 Indirect Material - Paint $ 5000 Wages-assembly personnel $20 000 Factory cleaner's wages $ 2 000 Administrative staff salaries $ 4 000 Depreciation-sales office equipment $ 1 000 Utilities, insurance-sales office $ 2 000 Total costs $90 000 Required: Determine each of the following costs: (list the costs under each cost category when calculating the answer). a) Product costs b) Prime costs c) Conversion costs d) Manufacturing overhead costs
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