Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs $ 64,000 43,000 44,000 86,000 960,000 46,800 40,200 544,000 82,000 49,000 29,000 70,000 168,000 403,000 $ 192,000 197,000 58,000 3,134,000 62,000 81,000 89,000 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 0 $ 0 0 0

Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs $ 64,000 43,000 44,000 86,000 960,000 46,800 40,200 544,000 82,000 49,000 29,000 70,000 168,000 403,000 $ 192,000 197,000 58,000 3,134,000 62,000 81,000 89,000 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 0 $ 0 0 0

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4PA: Listed as follows are various costs found in businesses. Classify each cost as a fixed or variable...

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