Question
Tissue Ltd. manufactures facial tissues which are currently in high demand due to the pandemic. The following selected cost data is for the year ended
Tissue Ltd. manufactures facial tissues which are currently in high demand due to the pandemic. The following selected cost data is for the year ended December 31.
| Description | Dollar Amount |
| Lubricants for factory equipment | $4,000 |
| Assembly line worker's dental insurance | $16,000 |
| Cardboard tissue box | $215,000 |
| Factory maintenance worker's salaries | $41,000 |
| Delivery costs (customer) | $27,000 |
| Pulp paper | $88,000 |
| Factory supervisor salary | $152,000 |
| Property taxes on factory | $30,000 |
| Research and development costs | $202,000 |
| Salaries of assembly line workers | $154,000 |
| Marketing costs | $113,000 |
| Customer order department costs | $82,000 |
| Factory equipment depreciation | $54,000 |
| Sales commission | $154,000 |
1. Total prime costs for the year are:
2. Total conversion costs for the year are:
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
