In 20X1, Ball Labs incurred the following costs: Direct costs of doing contract research and development ..............

Question:

In 20X1, Ball Labs incurred the following costs:

Direct costs of doing contract research and development .............. $400,000
work for the government to be reimbursed by a governmental unit


Research and development costs not included above were:

Depreciation ............................................................ $300,000
Salaries ....................................................................... 700,000
Indirect costs appropriately allocated .................... 200,000
Materials ..................................................................... 180,000


Required:

What was Ball’s total research and development expense in 20X1?

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Financial Reporting And Analysis

ISBN: 9781260247848

8th Edition

Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer

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