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Snickerdoodle Inc. has provided the following relating to the most recent month (September 30, 2020) of operations, for their main product, cookies. Baker's salary 13,000
- Snickerdoodle Inc. has provided the following relating to the most recent month (September 30, 2020) of operations, for their main product, cookies.
Baker's salary | 13,000 |
General & administrative expenses | 13,500 |
Indirect materials | 10,500 |
Production Supervisor, Salary | 14,000 |
Raw material purchases | 21,000 |
Rent on production factory | 12,000 |
Rent, retail store | 11,000 |
Sales | 140,000 |
Utilities on production factory | 10,500 |
Utilities, retail store | 10,500 |
Wages, retail staff | 13,000 |
Required: Calculate FOLLLOWING 1. Raw materials used in production 2. Total manufacturing overhead 3. Total manufacturing costs 4. Cost of Goods Manufactured 5. Prime Costs 6. Conversion Costs
3.Prepare a revised income statement for the quarter.
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