Cost Identification Mr. John Black began his pottery manufacturing business several years ago. The following costs occurred
Question:
Cost Identification Mr. John Black began his pottery manufacturing business several years ago. The following costs occurred during 2016, please use the cost classification method to put them in to proper cost group
1) As the business owner, John's salary $5000 per month
2) Workshop Building rent, $2800 per month
3) Clay and glaze $2 per pottery
4)Wages of production worker, $12/pottery
5) Advertising, $800 per month
6) Sales commission, $10 / pottery
7) Rent of production equipment, $300 /month
8) Amortization of office copier machine $500
9) Rent of sales office $500 per month
10) Phone for taking orders $40 per month
11) Interest lost on savings account, $1200 per year
Expert Answer:
Answer Lets classify the costs into different cost groups 1 As the business owner Johns salary 5000 ... View the full answer
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
