Question: please answer me! thank you :-) . . Better Living Ltd produces and sells furniture. Below are the costs occurred in the business 1. Classify

please answer me! thank you :-)
please answer me! thank you :-) . . Better Living Ltd produces

. . Better Living Ltd produces and sells furniture. Below are the costs occurred in the business 1. Classify the costs by selecting the property item from the drop-down list (6 marks). Amount Cost Item Classification ($) Leather and fabrics for furniture 5,350 Wages paid to casual workers assembling the 8,320 furniture Straight-line depreciation on the office printer 1,240 Rent expense for the factory 3,300 Electricity expense for the factory 1.750 Sales commission paid to staff according to 2,560 the sales quantity . . II. Calculate the following items for the business. For money amounts, round your answer to the nearest dollar. Do not include 5. Do not use comma separators. Do not use negative numbers nor brackets. For example, 123456 would be the correct format. a. (1 mark) The total prime cost is $ b. (1 mark) The total conversion cost is $ C. (1 mark) The total product cost is $ d. (1 mark) The total period cost is $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!