Bubba Manufacturing Company provided the following information for the fiscal year to June 30, 2020: Inventories 01/07/2019 30/06/2020 $72,000 107,000 149,500 Direct Materials Work-in-Process Finished Goods $65,000 128,000 141,700 Other information: Office cleaner's wages Sales Revenue |Raw materials purchased Factory wages Indirect materials |Delivery truck driver's wages Indirect labor Depreciation on factory plant & equipment| Insurance 1 |Depreciation on delivery truck Utilities | Administrative salaries Special Design Costs Selling expenses Sales Commission 4.500 1,031,000 235,000 239.700 23-500 15.400 9:500 32,000 60,000 7,250 118,750 41,250 5,000 9,000 2% of gross profit | 1Of the total insurance, 66%% relates to the factory facilities & 335% relates to general & administrative costs. 2 Of the total utilities, 80% relates to the manufacturing facilities & 20% relates to the office area.
Bubba Manufacturing Company provided the following information for the fiscal year to June 30, 2020: Inventories 01/07/2019 30/06/2020 $72,000 107,000 149,500 Direct Materials Work-in-Process Finished Goods $65,000 128,000 141,700 Other information: Office cleaner's wages Sales Revenue |Raw materials purchased Factory wages Indirect materials |Delivery truck driver's wages Indirect labor Depreciation on factory plant & equipment| Insurance 1 |Depreciation on delivery truck Utilities | Administrative salaries Special Design Costs Selling expenses Sales Commission 4.500 1,031,000 235,000 239.700 23-500 15.400 9:500 32,000 60,000 7,250 118,750 41,250 5,000 9,000 2% of gross profit | 1Of the total insurance, 66%% relates to the factory facilities & 335% relates to general & administrative costs. 2 Of the total utilities, 80% relates to the manufacturing facilities & 20% relates to the office area.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 9P: Glasson Manufacturing Co. produces only one product. You have obtained the following information...
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