The Company manufactures furniture at its central Kentucky factory. Some of its costs from the past year include: Wages paid to maintenance workers $60,700 Fabric used to upholster furniture $80,500 Wages paid to assembly-line workers $100,200 Lumber used to build product $15,100 Sales commissions $7700 Insurance costs for factory $21,900 Freight-in (on raw materials) $3900 Utilities in factory $12,400 Factory supervisor salary $60,100 Depreciation on factory equipment $18,200 Utilities in sales office $26,400 Costs of delivery to customers $8500 Depreciation on sales office $1700 Lubricants used in factory equipment $500 Direct material costs for the Company totaled $15,100. $95,600. $99,500. $80,500.
The Company manufactures furniture at its central Kentucky factory. Some of its costs from the past year include: Wages paid to maintenance workers $60,700 Fabric used to upholster furniture $80,500 Wages paid to assembly-line workers $100,200 Lumber used to build product $15,100 Sales commissions $7700 Insurance costs for factory $21,900 Freight-in (on raw materials) $3900 Utilities in factory $12,400 Factory supervisor salary $60,100 Depreciation on factory equipment $18,200 Utilities in sales office $26,400 Costs of delivery to customers $8500 Depreciation on sales office $1700 Lubricants used in factory equipment $500 Direct material costs for the Company totaled $15,100. $95,600. $99,500. $80,500.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Company manufactures furniture at its central Kentucky factory. Some of its costs from the past year include:
Wages paid to maintenance workers $60,700 Fabric used to upholster furniture $80,500 Wages paid to assembly-line workers $100,200 Lumber used to build product $15,100 Sales commissions $7700 Insurance costs for factory $21,900 Freight-in (on raw materials) $3900 Utilities in factory $12,400 Factory supervisor salary $60,100 Depreciation on factory equipment$18,200 Utilities in sales office $26,400 Costs of delivery to customers $8500 Depreciation on sales office $1700 Lubricants used in factory equipment $500 Direct material costs for the Company totaled
$15,100.
$95,600.
$99,500.
$80,500.
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