7. Ruwi Automobile Factory reports the following costs and expenses in January. Glue and welding supplies RO 10,650 Factory machine repairs Depreciation – factory equip. 10,300 Advertising Insurance on factory trucks Tires Factory manager's salary Assembly-line wages Sales salaries Property taxes on office building RO 8,500 Windshield Factory supervisor's salary Office utilities Office supplies used Factory quality inspectors Repairs to factory equipment Paint and polishing supplies Factory cleaners' wages 2,000 23,000 3,800 16,300 8,000 22,000 36,000 87,600 9,700 3,700 2,200 15,100 1,300 9,800 10,300 Instructions From the information, determine the total amount of: (a) Manufacturing overhead. (b) Product costs. (c) Period costs.

7. Ruwi Automobile Factory reports the following costs and expenses in January. Glue and welding supplies RO 10,650 Factory machine repairs Depreciation – factory equip. 10,300 Advertising Insurance on factory trucks Tires Factory manager's salary Assembly-line wages Sales salaries Property taxes on office building RO 8,500 Windshield Factory supervisor's salary Office utilities Office supplies used Factory quality inspectors Repairs to factory equipment Paint and polishing supplies Factory cleaners' wages 2,000 23,000 3,800 16,300 8,000 22,000 36,000 87,600 9,700 3,700 2,200 15,100 1,300 9,800 10,300 Instructions From the information, determine the total amount of: (a) Manufacturing overhead. (b) Product costs. (c) Period costs.

Name: 7. Ruwi Automobile Factory reports the following costs and expenses i
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Description: 7. Ruwi Automobile Factory reports the following costs and expenses in January.Glue and welding supplies RO 10,650Factory machine repairsDepreciation – factory equip. 10,300AdvertisingInsurance on factory trucksTiresFactory manager's salaryAssembly-

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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Subject: accounting
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oriole company purchases $44, 000 of raw materials on account, and it incurs $52, 800 of factory labor costsOriole Company purchases $44,000 of raw materials on account, and it incurs $52, 800 of factory labor costs. Journalize the two transactions on March 31, assuming the labor costs are not paid until April. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 (To record raw materials purchased ) 31 (To record factory labor costs)
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
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