When Diane Buswell, controller for Current Designs, reviewed the accounting records for a recent period, she noted the cost items and amounts shown below (amounts are assumed). Enter the amount for each item in the appropriate cost category. Then sum the amounts in each cost category column. Payee Winona Agency Bill Johnson (sales manager) Xcel Energy Winona Printing Jim Kaiser (sales representative) Purpose Property insurance for the factory Payroll check-payment to sales manager Electricity for factory Price lists for salespeople Sales commissions Amount 2,740 1,450 390 74 1,090 $ Direct Materials
When Diane Buswell, controller for Current Designs, reviewed the accounting records for a recent period, she noted the cost items and amounts shown below (amounts are assumed). Enter the amount for each item in the appropriate cost category. Then sum the amounts in each cost category column. Payee Winona Agency Bill Johnson (sales manager) Xcel Energy Winona Printing Jim Kaiser (sales representative) Purpose Property insurance for the factory Payroll check-payment to sales manager Electricity for factory Price lists for salespeople Sales commissions Amount 2,740 1,450 390 74 1,090 $ Direct Materials
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 8CE: Gunnison Company had the following equivalent units schedule and cost information for its Sewing...
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