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Advertising expense $17,200Wages expense-assemblers 36,840Depreciation expense-machines 21,480Utilities expense-factory 21,120Wages expense-lathe operators 23,480Repair expense-machine 4,520Office salaries expense 23,760Salary expense-factory foreman 18,270The company also made the following purchases of raw materials:Purchases of glue $3,260 Purchases of nails and staples 1,600 Purchases of oak wood 22,000 Purchases of glass 23,000 There was no beginning or ending inventories.Required:Calculate the following:A)Direct materials usedB)Direct laborC)Indirect production costs
Prepare the Material Cost Budget of products of a Company For a company along with many products, a periodic budget would be developed given as: Assume a firm has 3 products X
LaNora White received her accounting degree in 1992. Since graduating, she has obtained significant experience in a variety of job settings. Her skills include auditing, income and
The follow data relates ot year 20XX for Plano Manufacturing Company: Units produced - 2,000 Units sold - 1,800 Selling price - $200 / per unit Direct material costs - $80,000 Dire
Computation of mark up and Target selling price in cost-minus pricin
Accounting Treatment of Spoilage Costs 1) Normal Spoilage Costs: These costs are assigned to the good output utilizing two approaches as: (i) Omission Approach: Under th
Standard Costing A standard cost is a predetermined calculation of how much is supposed to be incurred under specific particular working conditions. It is not an average of pa
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On July 1, 2008, Falk Company signed a contract to lease space in a building for 15 years. The lease contract calls for annual (prepaid) rental payments of $100,000 on each July 1
Standard Cost Card It is a card record of the Standard or expected costs in producing a specified output. This gives the physical quantities of inputs and also their monetary
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