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FINANCIAL ACCOUNTING
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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Qd 253.

1)Determine the total amount of (a) delivery service (product) costs and period costs. 2) Explain the process and the result. E14-7 Kwik Delivery Service reports the following costs and expenses in June 2014. Indirect materials $5,400 Drivers' salaries 11,200 Advertising Depreciation on delivery equipment Dispatcher's salary 5,000 Delivery equipment repairs 870 Office supplies Property taxes on office building CEO's salary 12,000 Office utilities Gas and oil for delivery trucks 2,200 Repairs on office equipment $16,000 3,600 300 650 990 180
Transcribed Image Text:1)Determine the total amount of (a) delivery service (product) costs and period costs. 2) Explain the process and the result. E14-7 Kwik Delivery Service reports the following costs and expenses in June 2014. Indirect materials $5,400 Drivers' salaries 11,200 Advertising Depreciation on delivery equipment Dispatcher's salary 5,000 Delivery equipment repairs 870 Office supplies Property taxes on office building CEO's salary 12,000 Office utilities Gas and oil for delivery trucks 2,200 Repairs on office equipment $16,000 3,600 300 650 990 180
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