Question 59

Feduptohere Inc. operates a meal preparation business.Meals are prepared on an automatic continuously moving conveyor belt, which carries meal containers from the start startion to the finish station.After the containers move off the conveyor belt, a protective lid is affixed manually.Workers then place sealed meal containers in freezing bins and move loaded bins to the storage freezer.In 2019, Feduptohere prepared 550,000 meals and reports the following financial information:

ACCOUNT DESCRIPTION COST Cooking labour wages $742,500 Assembly labour wages $495,000 Food costs $1,237,500 Plant rent $350,000 Management salaries $225,000 Plant insurance $24,000 Container costs $247,500 Equipment Depreciation $36,000