The following cost data were taken from the records of a manufacturing company:P 1,000,000Depreciation on factory equipmentDepreciation on sales officeAdvertisingFreight-outWages of production workersRaw materials used500,0007,000,0003,000,00028,000,00047,000,000Sales salaries and commissions10,000,0002,000,000Factory rentFactory insuranceSupervisor's salaryAdministrative salaries500,0001,500,0002,000,000Based upon the above information, the manufacturing costs incured during the year were?

Answered: Based upon the above information, the…

Business

Accounting

Based upon the above information, the manufacturing costs incurred during the year were?

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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Question

The following cost data were taken from the records of a manufacturing company:
P 1,000,000
Depreciation on factory equipment
Depreciation on sales office
Advertising
Freight-out
Wages of production workers
Raw materials used
500,000
7,000,000
3,000,000
28,000,000
47,000,000
Sales salaries and commissions
10,000,000
2,000,000
Factory rent
Factory insurance
Supervisor's salary
Administrative salaries
500,000
1,500,000
2,000,000
Based upon the above information, the manufacturing costs incured during the year were?

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