Reference no: EM133038396
Question - The Fiberglass Boat Company reported the following costs and expenses in May 2021:
Factory utilities $12,865
Direct labor $172,450
Depreciation on factory equipment 7,320
Sales staff salaries 52,980
Property taxes on factory building 1,200
Depreciation on delivery trucks 2,755
Indirect factory labor 48,925
Repairs to office equipment 635
Indirect materials 27,566
Factory repairs 5,825
Direct materials used 205,935
Advertising 12,900
Factory manager's salary 14,500
Office supplies used 1,963
Required -
1. Prepare a schedule as shown in the example below, listing each item above, including its dollar amount, under the proper classification heading.
2. Total each classification to show the total of all costs and expenses under each one.
Determine the breakeven point
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