Determine the total of the factory overheads for the year. Raw material 510,000 Indirect material
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Question:
- Determine the total of the factory overheads for the year.
- Raw material 510,000
- Indirect material 200,000
- Office expenses 40,000
- Rent 80,000
- Net work in progress (35,000)
- Indirect wages 150,000
- Factory assets at cost 850,000
- Prov. for dep'n on factory assets 115,000
- The firm has indicated that the rent is owing by $20,000, and that the factory assets are to be depreciated by 10% on the reducing balance method. The rent is to be apportioned 60% to the factory.
Related Book For
Managerial Accounting
ISBN: 978-1259307416
16th edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
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