Hfr9-R5a, Inc. entered into the following transactionsduring 2039: a. direct materials purchased on account totaled$28,000 b. paid
Question:
Hfr9-R5a, Inc. entered into the following transactionsduring 2039:
a. direct materials purchased on account totaled$28,000
b. paid salaries totaling $46,000; $13,000 paid toassembly line workers; $21,000 paid to the CEO;$12,000 paid to the shop janitors
c. direct materials used totaled $20,000
d. depreciation on factory equipment totaled $8,000
e. overhead was applied to production at a rate of70% of direct labor cost
f. utility costs totaled $12,000; 30% was related tothe factory and 70% was related to the salesbuilding
g. units costing $36,000 were completed
h. depreciation on sales equipment totaled $5,000
i. units costing $15,000 were sold at a totalselling price of $62,000
Assume there were no beginning inventories of anytype at January 1, 2039.
Calculate Hfr9-R5a, Inc.'s total period costs for 2039.
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen