All applicable Mini-Exercises are available with McGraw-Hill’s Connect™Accounting. Total manufacturing costs Acme, Inc., incurs the following costs during May: accounting Mini-Exercise 13.1LO 3, 4 Sales expense. . . . . . . . . . . . . . . . $11,500Direct labor . . . . . . . . . . . . . . . . . . 26,000Factory supplies . . . . . . . . . . . . . . 2,500Advertising . . . . . . . . . . . . . . . . . . 2,800Raw material used . . . . . . . . . . . . 18,000Administrative expense . . . . . . . $ 21,500Plant depreciation . . . . . . . . . . . 6,200Indirect labor. . . . . . . . . . . . . . . 8,000Utilities . . . . . . . . . . . . . . . . . . . . 10,000 **75% of this amount relates to the factory.Required:Calculate Acme’s total manufacturing costs for May.
All applicable Mini-Exercises are available with McGraw-Hill’s Connect™
Accounting. Total
LO 3, 4 Sales expense. . . . . . . . . . . . . . . . $11,500
Direct labor . . . . . . . . . . . . . . . . . . 26,000
Factory supplies . . . . . . . . . . . . . . 2,500
Advertising . . . . . . . . . . . . . . . . . . 2,800
Raw material used . . . . . . . . . . . . 18,000
Administrative expense . . . . . . . $ 21,500
Plant
Indirect labor. . . . . . . . . . . . . . . 8,000
Utilities . . . . . . . . . . . . . . . . . . . . 10,000 *
*75% of this amount relates to the factory.
Required:
Calculate Acme’s total manufacturing costs for May.
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