) Refer to the following data:   Direct material used                                                                  $180 000 Advertising costs                                                                                   $  5 000 Indirect labour                                                                         $  8 000 Rent on corporate office                                                $ 20 000 Depreciation on factory equipment       $ 60 000 Direct labour                                                                                        $ 30 000 Factory cleaners wages                                                  $ 20 000 Indirect materials                                                                     $ 35 000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. b) Refer to the following data:

 

Direct material used                                                                  $180 000

Advertising costs                                                                                   $  5 000

Indirect labour                                                                         $  8 000

Rent on corporate office                                                $ 20 000

Depreciation on factory equipment       $ 60 000

Direct labour                                                                                        $ 30 000

Factory cleaners wages                                                  $ 20 000

Indirect materials                                                                     $ 35 000

 

Required (show your workings for each question):

Determine each of the following costs: (list the costs under each cost category when calculating the answer).

  1. Product costs
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