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Question - The Fuji Furniture Company manufactures outdoor furniture and incurred the following costs during the month of January: Timber $25 000 Indirect Material - Paint $ 5 000 Indirect Material - Glue $ 500 Wages-assembly personnel $20 000 Wages-factory supervisor $ 3 500 Factory cleaner's wages $ 2 000 Sales commissions $10 000 Administrative staff salaries $ 4 000 Depreciation-factory equipment $ 3 000 Depreciation-sales office equipment $ 1 000 Utilities, insurance-factory $ 6 000 Utilities, insurance-sales office $ 2 000 Advertising $ 8 000 Total costs $90 000
Required - Determine each of the following costs: (list the costs under each cost category when calculating the answer).
i) Product costs
ii) Prime costs
iii) Conversion costs
iv) Manufacturing overhead costs
During 2021, 43,000 units were purchased for $20 per unit. Calculate the amount to report for cost of goods sold for 2021
Record the effect of each transaction in the provided spreadsheet. The town sold land that had a book value of $450,000 for $600,000
What is the maximum number of flower pots that are held in inventory in a given ordering cycle?
Also, what form of business organization can be listed on the stock exchange? Why would a business eventually want to be listed on the stock exchange?
Calculate the cost of new common stock.Calculate the weighted average cost of capital (WACC) for existing capital
The first scheduled activity for this room will to having singing time with the infants. I will have a chance to sit and sing little songs to each infant in the room. The song that I have in mind is "Pat-A-Cake" which will require hand movements s..
McCormick's marginal tax rate is 40 percent (21 percent federal and 19 percent state combined). What is first-year relative cash flow
a company issued 10-year bonds with a par value of 20000000 and an 8 annual face on january 1 2014. the market rate on
pension from former employer 39850interest income from alto nationl bank 5500interest income on city of alto bonds
On October 1, 2016, Microchip lent $89,000 to another company. Prepare the necessary adjusting entries for each of the above situations
minor inc. had revenue of 572000 and expenses of 282000 for the current year. the company is subject to a 35 percent
Superior Grain Elevator, Inc. a company located in Canada's third busiest port (Thunder Bay) dedicated to storing and loading grain from local silos into freighters, with its 14 giant grain elevators in the two current wharfs, is one of the most p..
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