Problem 1A A company makes candles and has the following costs for year 1: Material Costs...
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Problem 1A A company makes candles and has the following costs for year 1: Material Costs Wax and other material used in production Excess material wasted from machine break-down Subtotal material Factory wages related to production Finished goods storage costs Allocated Fixed Overhead Variable Overhead Subtotal Factory Costs Billing clerk wages for sending invoices to customers Grand Total Costs According to IAS 2, What is the total Inventory Cost? 75,000.00 4,500.00 79,500.00 55,000.00 15,000.00 2,700.00 1,800.00 154,000.00 7,500.00 161,500.00 Problem 1A A company makes candles and has the following costs for year 1: Material Costs Wax and other material used in production Excess material wasted from machine break-down Subtotal material Factory wages related to production Finished goods storage costs Allocated Fixed Overhead Variable Overhead Subtotal Factory Costs Billing clerk wages for sending invoices to customers Grand Total Costs According to IAS 2, What is the total Inventory Cost? 75,000.00 4,500.00 79,500.00 55,000.00 15,000.00 2,700.00 1,800.00 154,000.00 7,500.00 161,500.00
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7500000 5500000 270000 180000 Wax and other materials used in ... View the full answer
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
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