Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year:Wages:Machine operators$330,000Selling and administrative personnel$ 78,000Materials used:Lubricant for oiling machinery$ 28,000Cocoa, sugar, and other raw materials$280,000Packaging materials$220,000Randall's direct materials amounted to:Multiple Choice$28,000$511,000$280,000$308,000

Direct material is the basic material used for the products such as sugar, cocoa, sugar, etc.

Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wages: Machine operators Selling and administrative personnel $330,000 $ 78,000 Materials used: $ 28,000 Lubricant for oiling machinery Cocoa, sugar, and other raw materials Packaging materials $280,000 $220,000 Randall's direct materials amounted to: Multiple Choice $28,000 $51,000 $280,000

Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wages: Machine operators Selling and administrative personnel $330,000 $ 78,000 Materials used: $ 28,000 Lubricant for oiling machinery Cocoa, sugar, and other raw materials Packaging materials $280,000 $220,000 Randall's direct materials amounted to: Multiple Choice $28,000 $51,000 $280,000

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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