Question 1 The following costs were extracted from Red's company book at the end of December 2014 and presented to you the cost accountant for classification. Details $ 500,000 800,000 Required: Administrative charges Production supervisors salaries Salaries of production workers Depreciation of factory machinery Direct materials Depreciation of office furniture etc. Warehouse supervisors salaries Advertising charges Direct expenses Wages of truck drivers Commission paid to salesmen Office salaries Janitorial factory wages Training expenses for sales clerks (a) Prime cost. (b) Factory overheads. (c) Production cost. 250,000 20,000 300,000 50,000 200,000 350,000 100,000 200,000 500,000 350,000 300,000 180,000
Question 1 The following costs were extracted from Red's company book at the end of December 2014 and presented to you the cost accountant for classification. Details $ 500,000 800,000 Required: Administrative charges Production supervisors salaries Salaries of production workers Depreciation of factory machinery Direct materials Depreciation of office furniture etc. Warehouse supervisors salaries Advertising charges Direct expenses Wages of truck drivers Commission paid to salesmen Office salaries Janitorial factory wages Training expenses for sales clerks (a) Prime cost. (b) Factory overheads. (c) Production cost. 250,000 20,000 300,000 50,000 200,000 350,000 100,000 200,000 500,000 350,000 300,000 180,000
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 4P: Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2....
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