Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 8 (Not a repeat question.) La Patisserie is a small bakery that provides cakes and town of Soquel, California. It is housed in a

image text in transcribed
QUESTION 8 (Not a repeat question.) La Patisserie is a small bakery that provides cakes and town of Soquel, California. It is housed in a single building. The ovens and mixi used for storing and mailing marketing literature and the rest is occupied by th days per year, 8 hours per day. It employs two cake bakers who are paid $22 p paid $12 per hour and has a small staff of helpers who account for 30% of the 60% of its materials, flour, eggs, sugar and oil, are used for cakes; the remainin manufacturing costs are allocated to products on the basis of direct labor hour and completed 108,000 units of cakes and 144,000 units of bread at a selling p respectively. Annual costs incurred by La Patisserie: Flour, Eggs, Sugar and Oil Office staff salaries Rent utilities and insurance Baker's wages Salaries of other employees Sales commissions (5% of revenue) Delivery cost to customers Other baking material & supplies Office equipment & Supplies Total cost Assume that the manufacturing overhead charged to cakes is $80,000. What is GAAP accounting rules? $2.69 $1.95 $2.42 $1.99 QUESTION 8 (Not a repeat question.) La Patisserie is a small bakery that provides cakes and town of Soquel, California. It is housed in a single building. The ovens and mixi used for storing and mailing marketing literature and the rest is occupied by th days per year, 8 hours per day. It employs two cake bakers who are paid $22 p paid $12 per hour and has a small staff of helpers who account for 30% of the 60% of its materials, flour, eggs, sugar and oil, are used for cakes; the remainin manufacturing costs are allocated to products on the basis of direct labor hour and completed 108,000 units of cakes and 144,000 units of bread at a selling p respectively. Annual costs incurred by La Patisserie: Flour, Eggs, Sugar and Oil Office staff salaries Rent utilities and insurance Baker's wages Salaries of other employees Sales commissions (5% of revenue) Delivery cost to customers Other baking material & supplies Office equipment & Supplies Total cost Assume that the manufacturing overhead charged to cakes is $80,000. What is GAAP accounting rules? $2.69 $1.95 $2.42 $1.99

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

Auditing And Assurance Services Plus Pearson MyLab Accounting With Pearson EText

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan

17th Global Edition

1292312106, 978-1292312101

More Books

Students also viewed these Accounting questions