Sentiments, Inc., is a greeting card manufacturer. The following selected cost data is for the year ended December 31. Description Dollar Amount Cost of delivery to customers President's salary costs Marketing costs Supervisor salary (factory) Printing ink for cards Factory equipment depreciation Factory utility costs Assembly line worker's wages $16,000 $120,000 $49,000 $90,000 $52,000 $32,000 $24,000 $102,000| $92,000 $4,000 $128,000 $18,000 $68,000 Sales commission Lubricants for factory equipment Pulp paper costs Property taxes on factory Admin costs (head office) Total prime costs for the year are: Total conversion costs for the year are:
Sentiments, Inc., is a greeting card manufacturer. The following selected cost data is for the year ended December 31. Description Dollar Amount Cost of delivery to customers President's salary costs Marketing costs Supervisor salary (factory) Printing ink for cards Factory equipment depreciation Factory utility costs Assembly line worker's wages $16,000 $120,000 $49,000 $90,000 $52,000 $32,000 $24,000 $102,000| $92,000 $4,000 $128,000 $18,000 $68,000 Sales commission Lubricants for factory equipment Pulp paper costs Property taxes on factory Admin costs (head office) Total prime costs for the year are: Total conversion costs for the year are:
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...
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