Question
Required: Show the balance sheet, income statement, and cash flow statement effects of the transactions by completing the financial statement schedule provided. In the last
Required:
Show the balance sheet, income statement, and cash flow statement effects of the transactions by completing the financial statement schedule provided. In the last column of the Schedule, label cash flows as operating (O), investing (I) or financing (F) (Reflect the effect on the statement of balance, on the statement of income and expenses and on the statement of cash flow cash from transactions by completing the sheet provided.In the last column of the cash flow, identify the cash flow as operational (O), investment (I) or financing (F)
11. Zazworski Company provided the following information regarding its first year of operations: The Zazworski Company provides you with the following information related to the first year of operations:
Descripcin | Cantidad |
Administrative Salaries and other administrative costs | $25,000 |
Depreciation on production equipment | 5,000 |
(Indirect material) | 1,500 |
Marketing and distribution costs | 22,000 |
Plant supervisory salaries | 15,500 |
Production wages and salaries | 33,000 |
(Raw material used) | 20,000 |
Research and development costs | 52,000 |
Rent on production facilities | 5,000 |
(Sales revenues) | 115,000 |
Sales salaries and other selling costs) | 37,000 |
(Units produced) | 10,000 |
(Units sold) | 9,000 |
Required: Determine the following amounts: Determine the following amounts
a) Total overhead costs b) Total product costs (Total product costs) c) Production cost per unit (Total production costs) d) Total cost of ending finished goods inventory e) Total cost of goods sold
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