Question: i. vi. Question 1 (20 marks) (a) Listed here are product costs for the production of soccer balls. Classify the cost according to their behavior
i. vi. Question 1 (20 marks) (a) Listed here are product costs for the production of soccer balls. Classify the cost according to their behavior (variable or fixed) and traceability (director indirect). taxes on factory ii. machinery depreciation iii. coolants for machinery iv. wages of assembly workers V. lace to hold leather together leather cover for soccer balls vii. annual flat fee paid of office security (b) Given the following selected account balances of Shonda Company, prepare its manufacturing statement for the year ended on December 31, 2019. Include a listing of the individual overhead account balances in this statement Sales $1,252,000 Raw material inventory, Dec 31,2018 39,000 Goods in process inventory, Dec 31, 2018 55,900 Finished goods inventory, Dec 31, 2018 64.750 Raw materials purchases 177,600 Direct labor 227,000 Factory computer supplies used 19,840 Indirect labor 49,000 Repairs - Factory equipment 7.250 Rent cost of factory building 59,000 Advertising expense 96,000 General and administrative expenses 131,300 Raw materials inventory, Dec 31, 2019 44,700 Goods in process inventory, Dec 31, 2019 43,500 Finished goods inventory, Dec 31, 2019 69,300 1
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