Question
The following information relates to Myer, Inc.: Advertising Costs $10,600 Sales Salary 10,000 Sales Revenue 500,000 President's Salary 230,000 Office Rent 60,500 Manufacturing Equipment Depreciation
The following information relates to Myer, Inc.:
Advertising Costs $10,600
Sales Salary 10,000
Sales Revenue 500,000
President's Salary 230,000
Office Rent 60,500
Manufacturing Equipment Depreciation 1200
Indirect Materials Used 8000
Indirect Labor 13,000
Factory Repair and Maintenance 920
Direct Materials Used 27,500
Direct Labor 36,000
Delivery Vehicle Depreciation 1550
Administrative Salaries 22,000
Match cost with amount.
Column A
a.$413,380
b.$334650
c.$78,730
d.$63,500
e.$23,120
f.$86,620
g.$59,120
Column B
1. Period costs:
2. Prime costs:
3. Product costs:
4. Manufacturing Overhead:
5. Conversion costs:
6. Gross Profit:
7. Net Income:
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