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Question 5 7.15 pts Spacely Sprockets, Inc. manufactures sprockets at its factory on an asteroid. Some of its costs from the past year include: Wages
Question 5 7.15 pts Spacely Sprockets, Inc. manufactures sprockets at its factory on an asteroid. Some of its costs from the past year include: Wages paid to maintenance workers $ 60,000 Rubber fittings for the center of the sprockets $ 8,000 Wages paid to assembly-line workers $ 100,000 Metal used for sprockets $ 15,000 Sales commissions $ 7,500 Insurance costs for factory $ 21,000 Utilities in factory $ 12,000 Factory supervisor salary $ 60,000 Depreciation on factory equipment $ 18,000 Utilities in sales office $ 26,500 Costs of delivery to customers $ 8,000 Depreciation on sales office computers $ 1,000 Lubricants used in factory equipment $ 500 Before materials are used to manufacture sprockets, Spacely Sprockets classifies metal and rubber fittings as: raw materials inventory. work in process inventory. merchandise inventory. O finished goods inventory
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