View Policies Show Attempt History Current Attempt in Progress Week 3 - Homework: Chapter 10 Question 8 of 10 1.25 / 2.5 Purchase Cash paid for equipment, including sales tax of $6,700 $140,700 Freight and insurance cost while in transit 2,680 Cost of moving equipment into place at factory 4,154 Wage cost for technicians to test equipment 5.360 Insurance premium paid during first year of operation on this equipment 2,010 Special plumbing fixtures required for new equipment 10,720 Repair cost incurred in first year of operations related to this equipment 1,742 Construction Material and purchased parts (gross cost $268,000; failed to take 2% cash discount) $268,000 Imputed interest on funds used during construction (stock financing) 18,760 Labor costs 254,600 Allocated overhead costs (fixed-$26,800; variable-$40,200) $7,000 Profit on self-construction 40,200 Cost of installing equipment 5,896 Compute the total cost to be capitalized for each of these two pieces of equipment. Purchase equipment 163614 Construction equipment 654456 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit