Bubba Manufacturing Company provided the following information for the fiscal year to June 30, 2020: Inventories 01/07/2019 30/06/2020 $72,000 107,000 149,500 Direct Materials Work-in-Process Finished Goods $65,000 128,000 141,700 Other information: Office cleaner's wages Sales Revenue |Raw materials purchased Factory wages Indirect materials |Delivery truck driver's wages Indirect labor Depreciation on factory plant & equipment| Insurance 1 |Depreciation on delivery truck Utilities | Administrative salaries Special Design Costs Selling expenses Sales Commission 4.500 1,031,000 235,000 239.700 23-500 15.400 9:500 32,000 60,000 7,250 118,750 41,250 5,000 9,000 2% of gross profit | 1Of the total insurance, 66%% relates to the factory facilities & 335% relates to general & administrative costs. 2 Of the total utilities, 80% relates to the manufacturing facilities & 20% relates to the office area.
Bubba Manufacturing Company provided the following information for the fiscal year to June 30, 2020: Inventories 01/07/2019 30/06/2020 $72,000 107,000 149,500 Direct Materials Work-in-Process Finished Goods $65,000 128,000 141,700 Other information: Office cleaner's wages Sales Revenue |Raw materials purchased Factory wages Indirect materials |Delivery truck driver's wages Indirect labor Depreciation on factory plant & equipment| Insurance 1 |Depreciation on delivery truck Utilities | Administrative salaries Special Design Costs Selling expenses Sales Commission 4.500 1,031,000 235,000 239.700 23-500 15.400 9:500 32,000 60,000 7,250 118,750 41,250 5,000 9,000 2% of gross profit | 1Of the total insurance, 66%% relates to the factory facilities & 335% relates to general & administrative costs. 2 Of the total utilities, 80% relates to the manufacturing facilities & 20% relates to the office area.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Bubba Manufacturing Company provided the following information for the fiscal year to
June 30, 2020:
Inventories 01/07/2019 30/06/2020
$72,000
107,000
149,500
Direct Materials
Work-in-Process
Finished Goods
$65,000
128,000
141,700
Other information:
Office cleaner's wages
Sales Revenue
|Raw materials purchased
Factory wages
Indirect materials
|Delivery truck driver's wages
Indirect labor
Depreciation on factory plant & equipment|
Insurance 1
|Depreciation on delivery truck
Utilities
| Administrative salaries
Special Design Costs
Selling expenses
Sales Commission
4.500
1,031,000
235,000
239.700
23-500
15.400
9:500
32,000
60,000
7,250
118,750
41,250
5,000
9,000
2% of gross profit |
1Of the total insurance, 66%% relates to the factory facilities & 335% relates to general
& administrative costs.
2 Of the total utilities, 80% relates to the manufacturing facilities & 20% relates to the
office area.
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