Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May $156,400 $196,500 $205,500 1,030 2,040 Manufacturing costs* Insurance expense** Depreciation expense Property tax expense*** 1,030 2,040 450 450 June 1,030 2,040 450 *Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. **Insurance expense is $1,030 a month; however, the insurance is paid four times yearly in the first month of the quarter (i.e., January, April, July, and Octob ***Property tax is paid once a year in November. The cash payments expected for Finch Company in the month of April are O a. $117,300 O b. $156,400 O c. $120,390 O d. $138.395

Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May $156,400 $196,500 $205,500 1,030 2,040 Manufacturing costs* Insurance expense Depreciation expense Property tax expense* 1,030 2,040 450 450 June 1,030 2,040 450 Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. Insurance expense is $1,030 a month; however, the insurance is paid four times yearly in the first month of the quarter (i.e., January, April, July, and Octob Property tax is paid once a year in November. The cash payments expected for Finch Company in the month of April are O a. $117,300 O b. $156,400 O c. $120,390 O d. $138.395

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4CDQ: How would each of the following costs be classified if units produced is the activity base? a....

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1.
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