The following are the cost incurred by Ericson Company for the month of April: Factory Utilities $16,500 Depreciation, Factory Eq. $12,650 Depreciation, Del. Truck. $8,800 Repairs to office Equipment $1,300 Indirect Materials used $80,800 Direct Materials Used $137,600 Factory Manager’s Salary $13,000 Material Purchases $220,000 Direct Labor $89,100 Sales Salaries $46,400 Payroll $227,400 Indirect Factory Labor $48,900 Factory Repairs $2,000 Advertising $18,000 Office Supplies Used $5,640 Property Taxes on Factory Building $2,500 Additional Information: Mat, Beg. $20,000; Mat, end $??? WIP, Beg $0; WIP End (10 units) $??? FG Beg $0; Finished Units (80 units) $????; FG End (15 units) $??? Overhead is applied based on 150% of direct labor cost QUESTION: (1) Determine the total amount of a) Manufacturing Cost b) Selling Expenses c) Administrative (
The following are the cost incurred by Ericson Company for the month of April: Factory Utilities $16,500 Depreciation, Factory Eq. $12,650 Depreciation, Del. Truck. $8,800 Repairs to office Equipment $1,300 Indirect Materials used $80,800 Direct Materials Used $137,600 Factory Manager’s Salary $13,000 Material Purchases $220,000 Direct Labor $89,100 Sales Salaries $46,400 Payroll $227,400 Indirect Factory Labor $48,900 Factory Repairs $2,000 Advertising $18,000 Office Supplies Used $5,640 Property Taxes on Factory Building $2,500 Additional Information: Mat, Beg. $20,000; Mat, end $??? WIP, Beg $0; WIP End (10 units) $??? FG Beg $0; Finished Units (80 units) $????; FG End (15 units) $???
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