Question
The following cost information was obtained from Tomorrow, Inc. from the month of October, 2020: Advertising costs $4,500 Direct materials used $91,600 Direct labor used
The following cost information was obtained from Tomorrow, Inc. from the month of October, 2020:
| Advertising costs | $4,500 |
| Direct materials used | $91,600 |
| Direct labor used | $44,555 |
| Delivery costs | $1,450 |
| Depreciationfactory equipment | $3,250 |
| Depreciationoffice equipment | $1,090 |
| Factory managers salary | $5,025 |
| Indirect materials used | $15,200 |
| Main office salaries | $13,600 |
| Raw Material Purchases | $90,145 |
| Sales commissions | $7,350 |
| Utilities - Factory | $2,355 |
| Utilities Main Office | $990 |
Total manufacturing costs for the firm for October, 2020 were:
| a. | $115,975 | |
| b. | $161,985 | |
| c. | $252,130 | |
| d. | $165,515 | |
| e. | $136,155 |
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
Stand Up To The IRS How To Handle Audits Tax Bills And Tax Court
Authors: Frederick W. Daily Robin Leonard
2nd Edition
0873372409, 978-0873372404
