1. Rapid Delivery Service reports the following costs and expenses in June 2010. Indirect materials $ 5,400 $11,000 1,600 5,000 650 Drivers' salaries Depreciation on delivery equipment 11,200 Delivery equipment repairs Property taxes on office building Office utilities Advertising Dispatcher's salary Office supplies CEO's salary Gas and oil for delivery trucks 300 870 990 12,000 Repairs on office equipment 180 2,200 Instructions Determine the total amount of (a) delivery service (product) costs and (b) period costs.

1. Rapid Delivery Service reports the following costs and expenses in June 2010. Indirect materials $ 5,400 $11,000 1,600 5,000 650 Drivers' salaries Depreciation on delivery equipment 11,200 Delivery equipment repairs Property taxes on office building Office utilities Advertising Dispatcher's salary Office supplies CEO's salary Gas and oil for delivery trucks 300 870 990 12,000 Repairs on office equipment 180 2,200 Instructions Determine the total amount of (a) delivery service (product) costs and (b) period costs.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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am. 211.
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