The company constructed its own building. The cost of materials was $300,000. Labor cost incurred on the
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The company constructed its own building. The cost of materials was $300,000. Labor cost incurred on the construction project was $500,000. Total overhead cost for the company for the year was $6,000,000; total labor cost (including the cost of construction) was $3,000,000. Interest incurred to finance the construction cost was $80,000. Compute the total cost of the building.
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Related Book For 
Intermediate Accounting
ISBN: 978-0324312140
16th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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