Question: Answer the third one. Explain the difference between a merchandising and a manufacturing balance sheet Illustration 1-10 Direct Materials Product Costs Direct Manufacturing Labor Overhead

 Answer the third one. Explain the difference between a merchandising and

Answer the third one. Explain the difference between a merchandising and a manufacturing balance sheet

Illustration 1-10 Direct Materials Product Costs Direct Manufacturing Labor Overhead Period Costs Cost Item 1. Material cost ($30) per board 2. Labor costs ($40) per board 3. Depreciation on factory equipment ($25,000 per year) 1-44 LO 7 Explain the difference between a merchandisin and a manufacturing balance shee Illustration 1-10 Direct Materials Product Costs Direct Manufacturing Labor Overhead Period Costs Cost Item 4. Property taxes on factory building ($6,000 per year) 5. Advertising costs ($60,000 per year) 6. Sales commissions ($20 per board) 7. Maintenance salaries (factory facilities) ($45,000 per year) 8. Salary of plant manager ($70,000) 9. Cost of shipping boards ($8 per board) 1-45 If KRT Boards produces 10,000 snowboards the first year, what would be the total manufacturing costs? Illustration 1-11 Cost Number and Item Manufacturing Cost Total manufacturing costs

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