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Indirect materials
$ 5,400
Drivers' salaries
$16,000
Depreciation on delivery equipment
11,200
Advertising
3,600
Dispatcher's salary
5,000
Delivery equipment repairs
300
Property taxes on office building
870
Office supplies
650
CEO's salary
12,000
Office utilities
990
Gas and oil for delivery trucks
2,200
Repairs on office equipment
180
Instructions:
Kwik Delivery Service reports the following costs and expenses in June 2014.
Determine the total amount of
(a) delivery service (product) costs and
(b) period costs.
Financial Statement Analysis and Preparation
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Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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