Can Please Help Me: Accounting60 minutes only the given time. Wish you could help me.I will give UPVOTE and GOOD FEEDBACK. Remedios Corporation's 2021 manufacturing costs were as follows:Prime costP 600,000Variable manufacturing overhead costs100,00080,000Depreciation of factory building and equipmentFactory supervisor's salary100,00060,000Other fixed factory overheadWhat amount should be considered product cost for external reportingpurposes?O P 784,000O P 300,000O P 744,000O P 940,000

Product costs for external reporting purpose = Prime costs + variable manufacturing overhead costs…

Remedios Corporation's 2021 manufacturing costs were as follows: Prime cost P 600,000 100,000 Variable manufacturing overhead costs 80,000 Depreciation of factory building and equipment 100,000 Factory supervisor's salary 60,000 Other fixed factory overhead What amount should be considered product cost for external reporting purposes? OP 784,000 O P 300,000 OP 744,000 O P 940,000

Remedios Corporation's 2021 manufacturing costs were as follows: Prime cost P 600,000 100,000 Variable manufacturing overhead costs 80,000 Depreciation of factory building and equipment 100,000 Factory supervisor's salary 60,000 Other fixed factory overhead What amount should be considered product cost for external reporting purposes? OP 784,000 O P 300,000 OP 744,000 O P 940,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EB: A company estimates its manufacturing overhead will be $840,000 for the next year. What is the...

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