Questions 1-8

Class Stapler Company The Class Stapler Company began manufacturing a unique model of a Stapler. The Company is asking help from you in its accounting department. Below is the data you will need: Cost Items and AccountBalances Cash, December 1 1,500 Depreciation on factory building Depreciation on office equipment Insurance on factory building Miscellaneous expenses-- Variable factory 400 Office supplies expense Professional fees 400 Property taxes on factory building 80.000 Raw materials used 6.000 Rent on production equipment 10.000 Research and development 40,000 Sales commissions Utility costs factory 70.000 Wages factory Work in process, December 1 Work in process. December 31 Raw materials inventory, December 1 Raw materials inventory, December 31 Raw material purehases Finished goods inventory, December 1 S18,000 Administrative salaries Advertising for Staplers Production and Sales Data 12.000 Number of Staplers produced Expected sales in units for December (S46 unit sales price) 12,000 10,000 Expected sales in units for January 26% of next month's sales Desired ending inventory Direct materials per finished unit 1 kilogram $8 per kilogram materials cost