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Sheffield C o . both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment were
Sheffield both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment were recorded in random order during the calendar year Purchase Cash paid for equipment, including sales tax of $ $ Freight and insurance cost while in transit Cost of moving equipment into place at factory Wage cost for technicians to test equipment Insurance premium paid during first year of operation on this equipment Special plumbing fixtures required for new equipment Repair cost incurred in first year of operations related to this equipment Construction Material and purchased parts gross cost $; failed to take cash discount $ Imputed interest on funds obtained from stock financing used during construction Labor costs Allocated overhead costs fixed $; variable $ Profit on selfconstruction Cost of installing equipment a Compute the total cost for each of these two pieces of equipment. Purchase equipment $ Construction equipment $
Sheffield both purchases and constructs various equipment it uses in its operations. The following items for two different types of equipment were recorded in random order during the calendar year
Purchase
Cash paid for equipment, including sales tax of $
$
Freight and insurance cost while in transit
Cost of moving equipment into place at factory
Wage cost for technicians to test equipment
Insurance premium paid during first year of operation on this equipment
Special plumbing fixtures required for new equipment
Repair cost incurred in first year of operations related to this equipment
Construction
Material and purchased parts gross cost $; failed to take cash discount $
Imputed interest on funds obtained from stock financing used during construction
Labor costs
Allocated overhead costs fixed $; variable $
Profit on selfconstruction
Cost of installing equipment
a Compute the total cost for each of these two pieces of equipment.
Purchase equipment
$
Construction equipment $
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