Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: May June April $157,200 $197,600 $201,000 970 2,200 420 Manufacturing costs" Insurance expense** 970 2,200 420 970 Depreciation expense Property tax expense*** *Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. **Insurance expense is $970 a month; however, the insurance is paid four times yearly in the first month of the quarter, (.e., January, April, July, and October). ***Property tax is paid once a year in November. The cash payments expected for Finch Company in the month of May are O&$187.500 b. $39,300 Oe5148,200 &$226,800 2,200 420

Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: May June April $157,200 $197,600 $201,000 970 2,200 420 Manufacturing costs" Insurance expense 970 2,200 420 970 Depreciation expense Property tax expense* Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. Insurance expense is $970 a month; however, the insurance is paid four times yearly in the first month of the quarter, (.e., January, April, July, and October). Property tax is paid once a year in November. The cash payments expected for Finch Company in the month of May are O&$187.500 b. $39,300 Oe5148,200 &$226,800 2,200 420

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4CDQ: How would each of the following costs be classified if units produced is the activity base? a....

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