Calculate the total cost of rent incurred by apple

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Reference no: EM131264914

Apple recorded the following information related to their inventory accounts for 2019:

January 1 December 31

Direct materials 30,000 36,000

Work in process ? ?

Finished goods ? ?

Apple accounting records indicated the following costs had been incurred during 2019:

Advertising ............................................. $37,000

Depreciation, factory building .......................... 60,000

Rent (70% for factory; 30% for office building) ......... ?

Direct labor ............................................ ?

Direct materials purchased .............................. 54,000

Indirect materials ...................................... 24,000

Sales commissions ....................................... ?

Production supervisor's salary .......................... 80,000

Selling & administrative salaries ....................... 95,000

Utilities, factory building ............................. 46,000

Additional information:

1. Apple applies overhead to products using a pre-determined rate of 125% of direct labor cost.

2. Conversion costs for 2019 were equal to 180% of prime costs for 2019.

3. Overhead was $19,000 under-applied for 2019.

Calculate the total cost of rent incurred by Apple in 2019.

Reference no: EM131264914

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