Reference no: EM133139292
Question - The following information is available for the first month of operations for Bright, Inc.: (Note: These are excerpts from the financial statements; no need to try to reconcile financial statement information.)
Calculate direct materials cost for this company.
Sales $870,000
Gross profit 500,000
Wages of Security Guard in Factory 20,000
Glue (not traceable) to manufacture guitars 5,000
Insurance Expense for Factory 37,000
Wages of Factory assembly workers 390,000
Total manufacturing costs 658,000
Commission for salespeople 30,000
Depreciation Expense for Manufacturing Plant 20,000
Utilities for the Sales Office Building 5,000
Depreciation for the Administrative Building 25,000
Salary for President of the Company in the Administrative Building 100,000
A. $268,000
B. $186,000
C. $231,000
D. $206,000
Based on the financial data for Bright, Inc., calculate the total period costs for this company.
A. $182,000
B. $932,000
C. $137,000
D. $160,000
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