please answer within 30 minutes. 1. What is the total product cost of the year?2. what is the total prime cost of the year?3. what is the total conversion cost for the year?4. what it the total period costs for the year?5.. if the company produced 20,000 units for the year,what is the unit product cost?DescriptionAmountFactory utilities11,000118,000Sales salariesSales commissionsIndirect labour in the factorySalary of the factory supervisorSalary of the head office receptionist49,00055,00091,00055,000219,00067,000319,000Direct labourMarketing costsOther administrative costsDirect materials394,000Depreciation on factory equipmentFactory rentSalary of the factory receptionistDepreciation on the head office building16,00044,00051,00018,000

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Factory utilities Sales salaries 11,000 118,000 Sales commissions 49,000 55,000 91,000 55,000 Indirect labour in the factory Salary of the factory supervisor Salary of the head office receptionist Direct labour 219,000 Marketing costs 67,000 Other administrative costs 319,000 Direct materials 394,000 Depreciation on factory equipment 16,000 Factory rent Salary of the factory receptionist Depreciation on the head office building 44,000 51,000 18,000

Factory utilities Sales salaries 11,000 118,000 Sales commissions 49,000 55,000 91,000 55,000 Indirect labour in the factory Salary of the factory supervisor Salary of the head office receptionist Direct labour 219,000 Marketing costs 67,000 Other administrative costs 319,000 Direct materials 394,000 Depreciation on factory equipment 16,000 Factory rent Salary of the factory receptionist Depreciation on the head office building 44,000 51,000 18,000

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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