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XYZ Company recorded the following information related to their inventory accounts for 2018: January 1, 2018 December 31, 2018 Direct materials 37,000 50,000Work in process
XYZ Company recorded the following information related to their inventory accounts for 2018: January 1, 2018 December 31, 2018Direct materials 37,000 50,000Work in process 38,000 41,000Finished goods 22,000 34,000XYZ Company's accounting records for 2018 provided the following information:Direct materials purchased .............................. $129,000Depreciation, factory equipment ......................... 37,000Sales revenue ........................................... 590,000Utilities (60% for factory; 40% for office building) .... 20,000Sales commissions ....................................... ?Indirect materials ...................................... 29,000Depreciation, office equipment .......................... 33,000Rent, factory building .................................. 60,000Net income .............................................. 10,000Direct labor ............................................ 90,000Advertising ............................................. 57,000Production supervisor's salary .......................... 82,000Assume that the actual overhead cost during 2018 was equal to the applied overhead thus there was no overhead variance for 2018.Calculate XYZ Company's sales commissions for 2018. Do not use decimals in your answer.IVE Company recorded the following information related to their inventory accounts for 23 13: lgnugcy 1, 2315 Decemer 31, 2315 Direct materials 32,333 53,333 work in process 33,333 41,333 Finished goods 22,333 34,333 IVE Company's accounting records for 2313 provided the following information: Direct materials purchased .............................. $123,333 Depreciation, factory equipment ......................... 32,333 Sales revenue ........................................... 533,333 Utilities [53% for factory; 43% for office building) .... 23,333 Sales ccmnssions ....................................... ? Indirect materials ...................................... 23,333 Depreciation, office equipment .......................... 33,333 Rent, factory building .................................. 53,333 Net income .............................................. 13,333 Direct labor ............................................ 33,333 Advertising ............................................. 52,333 Production supervisor's salary .......................... 32,333 Assume that the actual overhead cost during 2313 was equal to the applied overhead thus there was no overhead variance for 2313. Calculate 1Y2 {ompany's sales commissions For 2313. Do not use decimals in your
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