Question
The company paid for the development of a new website to sell its product at $150,000 Raw materials costing $222,00 were purchased on account.
The company paid for the development of a new website to sell its product at
$150,000
\ Raw materials costing
$222,00
were purchased on account.\ During the month
$130,000
of materials were requisitioned for use in production, of which
$120,000
worth of fabric was requisitioned for use in the production of the masks and directly traced to particular jobs in the factory. The remainder was indirect materials including clean fluid for the machines and hand sanitizer for employees.\ Employee costs were incurred:\ mask makers (direct factory labor) - $77,000 at an average of
$22
per hour (for 3,500 direct: labor hours).\ supervisors, plant security, plant maintenance and plant managers (indirect factory labor),
$15,000
\ SGA - selling, general and administrative salaries,
$50,000
\ Utility costs and property taxes of
$30,000
were incurred (accrued) for the factory and
$44,000
in costs were incurred for the headquarters building.\ Depreciation for the period was
$100000
f which
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