Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 6 ( Mandatory ) ( 1 0 points ) Question 6 options: Entry Rules: Round your answer to the nearest whole number. Examples: If

Question 6(Mandatory)(10 points)
Question 6 options:
Entry Rules:
Round your answer to the nearest whole number.
Examples:
If your answer is $24,500.47, enter 24500
If your answer is $24,500.51, enter 24501
If your answer is $24,500.00, enter 24500
Never enter $ or , when inputting numerical answers
QUESTION:
Brenda Ltd. had the following costs for the year:
Description Amount
Factory utilities 11,000
Sales salaries 118,000
Sales commissions 49,000
Indirect labour in the factory 55,000
Salary of the factory supervisor 91,000
Salary of the head office receptionist 55,000
Direct labour 219,000
Marketing costs 67,000
Other administrative costs 319,000
Direct materials 394,000
Depreciation on factory equipment 16,000
Factory rent 44,000
Salary of the factory receptionist 51,000
Depreciation on the head office building 18,000
What was the total product costs for the year?
What are the total prime costs for the year?
What are the total conversion costs for the year?
What are the total period costs for the year?
If the company produced 20,000 units for the year, what was the unit product cost (the cost per unit)?
HINT: remember the rounding rule!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

14th edition

1337270598, 978-1337270595

More Books

Students also viewed these Accounting questions