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Question 1 Your Are The Boss Company reported these cost data for 2022 Factory maintenance costs Direct labor, wages Direct labor, health insurance Indirect labor, health insurance Health insurance for production supervisor Administrative costs Rental of office space for administrative staff Sales commissions Direct material Indirect materials Advertising expense Depreciation on factory building Indirect labor, wages Production supervisor's salary Required: Calculate the: a) Total prime costs. b) Total manufacturing overhead costs. c) Total production costs. d) Total 112. $ 90,000 352,000 32,000 15,000 MAX 6,500 55,000 011 17,500 $2.500 1,230,000 632,000 39,000 62.000 70,000 32,000

Question 1 Your Are The Boss Company reported these cost data for 2022 Factory maintenance costs Direct labor, wages Direct labor, health insurance Indirect labor, health insurance Health insurance for production supervisor Administrative costs Rental of office space for administrative staff Sales commissions Direct material Indirect materials Advertising expense Depreciation on factory building Indirect labor, wages Production supervisor's salary Required: Calculate the: a) Total prime costs. b) Total manufacturing overhead costs. c) Total production costs. d) Total 112. $ 90,000 352,000 32,000 15,000 MAX 6,500 55,000 011 17,500 $2.500 1,230,000 632,000 39,000 62.000 70,000 32,000

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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Question 1 Your Are The Boss Company reported these cost data for 2022. Factory maintenance costs Direct labor, wages Direct labor, health insurance Indirect labor, health insurance Health insurance for production supervisor Administrative costs 10 Rental of office space for administrative staff Sales commissions Direct material Indirect materials Advertising expense Depreciation on factory building Indirect labor, wages Production supervisor's salary Required: Calculate the: a) Total prime costs. b) Total manufacturing overhead costs. ce) Total production costs. 2143 d) Total selling and administration costs. e) Total cost. $ 90,000 352,000 32,000 15,000 6,500 55,000 01 17,500 52.500 1,230,000 632.000 39,000 62,000 70,000 32,000
Transcribed Image Text:Question 1 Your Are The Boss Company reported these cost data for 2022. Factory maintenance costs Direct labor, wages Direct labor, health insurance Indirect labor, health insurance Health insurance for production supervisor Administrative costs 10 Rental of office space for administrative staff Sales commissions Direct material Indirect materials Advertising expense Depreciation on factory building Indirect labor, wages Production supervisor's salary Required: Calculate the: a) Total prime costs. b) Total manufacturing overhead costs. ce) Total production costs. 2143 d) Total selling and administration costs. e) Total cost. $ 90,000 352,000 32,000 15,000 6,500 55,000 01 17,500 52.500 1,230,000 632.000 39,000 62,000 70,000 32,000
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