The Company manufactures furniture at its New York factory. Some of its costs from the past year include: Depreciation on sales office $ 9,700 Depreciation on factory equipment 16,600 Factory supervisor salary 50,200 Sales commissions 23,600 Lubricants used in factory equipment 3,000 Insurance costs for factory 21,400 Wages paid to maintenance workers 115,400 Fabric used to upholster furniture 10,800 Freight-in (on raw materials) 3,600 Costs of delivery to customers 9,000 Wages paid to assembly-line workers 115,600 Lumber used to build product 82,200 Utilities in factory 54,800 Utilities in sales office 26,100 Direct material costs for The Company totaled
The Company manufactures furniture at its New York factory. Some of its costs from the past year include: Depreciation on sales office $ 9,700 Depreciation on factory equipment 16,600 Factory supervisor salary 50,200 Sales commissions 23,600 Lubricants used in factory equipment 3,000 Insurance costs for factory 21,400 Wages paid to maintenance workers 115,400 Fabric used to upholster furniture 10,800 Freight-in (on raw materials) 3,600 Costs of delivery to customers 9,000 Wages paid to assembly-line workers 115,600 Lumber used to build product 82,200 Utilities in factory 54,800 Utilities in sales office 26,100 Direct material costs for The Company totaled
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Company manufactures furniture at its New York factory. Some of its costs from the past year include:
| $ 9,700 | |
| Depreciation on factory equipment | 16,600 |
| Factory supervisor salary | 50,200 |
| Sales commissions | 23,600 |
| Lubricants used in factory equipment | 3,000 |
| Insurance costs for factory | 21,400 |
| Wages paid to maintenance workers | 115,400 |
| Fabric used to upholster furniture | 10,800 |
| Freight-in (on raw materials) | 3,600 |
| Costs of delivery to customers | 9,000 |
| Wages paid to assembly-line workers | 115,600 |
| Lumber used to build product | 82,200 |
| Utilities in factory | 54,800 |
| Utilities in sales office | 26,100 |
Direct material costs for The Company totaled
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