When Diane Buswell, controller for Current Designs, reviewed the accounting records for a recent period, she noted the cost itemsand amounts shown below (amounts are assumed). Enter the amount for each item in the appropriate cost category. Then sum theamounts in each cost category column.PayeeWinona AgencyBill Johnson (sales manager)Xcel EnergyWinona PrintingJim Kaiser (sales representative)Dave Thill (factory manager)Dana Schultz (kavak assembler)PurposeProperty insurance for the factoryPayroll check-payment to sales managerElectricity for factoryPrice lists for salespeopleSales commissionsPayroll check-payment to factory managerPayroll check-payment to kayak assemblerAmount2,7401,450390741,0901,250668$DirectMaterialsIhSUPPORT

To calculate the direct materials for each item, we need to identify the items directly related to…

When Diane Buswell, controller for Current Designs, reviewed the accounting records for a recent period, she noted the cost items and amounts shown below (amounts are assumed). Enter the amount for each item in the appropriate cost category. Then sum the amounts in each cost category column. Payee Winona Agency Bill Johnson (sales manager) Xcel Energy Winona Printing Jim Kaiser (sales representative) Purpose Property insurance for the factory Payroll check-payment to sales manager Electricity for factory Price lists for salespeople Sales commissions Amount 2,740 1,450 390 74 1,090 $ Direct Materials

When Diane Buswell, controller for Current Designs, reviewed the accounting records for a recent period, she noted the cost items and amounts shown below (amounts are assumed). Enter the amount for each item in the appropriate cost category. Then sum the amounts in each cost category column. Payee Winona Agency Bill Johnson (sales manager) Xcel Energy Winona Printing Jim Kaiser (sales representative) Purpose Property insurance for the factory Payroll check-payment to sales manager Electricity for factory Price lists for salespeople Sales commissions Amount 2,740 1,450 390 74 1,090 $ Direct Materials

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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