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Cvaliable at the Period ended December 31,2021 - Materials Put into Production: $ 200, oco of which (b0 % was direct) Labor Cost fFor the Period: $ 150, c00 of which 130% was indirect) Electrecity Cist $ 20,00 DeveloPments $ 20000 Insurance Cost : $ 10,00o

Cvaliable at the Period ended December 31,2021 - Materials Put into Production: $ 200, oco of which (b0 % was direct) Labor Cost fFor the Period: $ 150, c00 of which 130% was indirect) Electrecity Cist $ 20,00 DeveloPments $ 20000 Insurance Cost : $ 10,00o

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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cyprus Compan Produce maPile Phones The following Cost information is CAvaliable at the Period ended DeCember 31,2021 Materials Put into Production : $ 200, o00 of which (60% was direct) Labor Cost for the Period : $ 150,000 of which 130 was indirect) Electrecity Cast . $ 20,000 Development s $ 20,000 Insurance Cost : $ 10,00O Adver Sting Cost : $ 5p00 Managment Cost : $ 12,000 Please Colculate Product Cost s
Transcribed Image Text:cyprus Compan Produce maPile Phones The following Cost information is CAvaliable at the Period ended DeCember 31,2021 Materials Put into Production : $ 200, o00 of which (60% was direct) Labor Cost for the Period : $ 150,000 of which 130 was indirect) Electrecity Cast . $ 20,000 Development s $ 20,000 Insurance Cost : $ 10,00O Adver Sting Cost : $ 5p00 Managment Cost : $ 12,000 Please Colculate Product Cost s
restion 3 Cyprus Company produces mobile phones. The following cost information is availaf - the period ended December 31, 2021: Materials put into production: $200,000 of which 60% was direct Labour cost for the period: $150,000 of which 30% was indirect Electricity cost: $20,000 Development Cost: $20,000 Insurance cost: $10,000 - Advertising cost: $5,000 Management cost: $12,000 mired: O Please calculate product cost Please calculate conversion cost
Transcribed Image Text:restion 3 Cyprus Company produces mobile phones. The following cost information is availaf - the period ended December 31, 2021: Materials put into production: $200,000 of which 60% was direct Labour cost for the period: $150,000 of which 30% was indirect Electricity cost: $20,000 Development Cost: $20,000 Insurance cost: $10,000 - Advertising cost: $5,000 Management cost: $12,000 mired: O Please calculate product cost Please calculate conversion cost
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