Below are the costs for a dairy processing company for the month of July. What is the
Question:
Below are the costs for a dairy processing company for the month of July. What is the company’s total period costs?
Cost of milk purchased from local dairy farmers $500,000
Depreciation on the computer of the salesperson $300
Property tax on the dairy processing plant $10,000
Gasoline used to operate refrigerated trucks delivering finished dairy products to grocery stores $20,000
The CEO’s salary $90,000
Depreciation on refrigerated trucks used to collect raw milk from local dairy farmers $25,000
Plastic gallon containers in which milk is packaged $50,000
Research and development on improving milk pasteurization process $40,000
Radio advertising for the Company’s products $4,000
Wages paid to the machine operators the at dairy processing plant $35,000
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina