Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Serin Ltd is a manufacturer with the following information available at year-end: Salary of the marketing manager 100,000 Direct labour 220,000 Indirect labour 40,000 Sales
Serin Ltd is a manufacturer with the following information available at year-end:
Salary of the marketing manager | 100,000 |
Direct labour | 220,000 |
Indirect labour | 40,000 |
Sales commission | 250,000 |
Direct material used | $ 600,000 |
Depreciation of factory building | 7,000 |
Factory Insurance | 81,000 |
The total of the product costs for the year is:
A.
$598,000
B.
$348,000
C.
$860,000
D.
$948,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started