Direct Materials Used is: Cost of Goods Sold is closest to: Cost of Goods Manufactured is closest to:

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter4: Activity-based Costing
Section: Chapter Questions
Problem 5PA: Allocating selling and administrative expenses using activity-based costing Arctic Air Inc....
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Administrative Expenses
Beginning Finished Goods
Beginning Raw Materials
Beginning WIP
Depreciation on Factory Equip
Direct Labor
Ending Finished Goods
Ending Raw Materials
Ending WIP
Factory Utilities
Indirect Materials Used from Raw Materials
Insurance (70% for factory 30% for admin)
Marketing Expenses
Raw Materials Purchases
Repair and Maintenance on Factory Equip
Sales
Sales Supervision
$ 686,200
$ 108,620
$ 427,150
$ 20,625
$ 202,035
$ 756,908
$ 93,612
$ 501,302
$ 27,941
$ 312,052
$ 87,712
$210,855
$ 442,807
$ 2,422,920
$ 129,246
$ 6,420,456
$ 294,485
Transcribed Image Text:Administrative Expenses Beginning Finished Goods Beginning Raw Materials Beginning WIP Depreciation on Factory Equip Direct Labor Ending Finished Goods Ending Raw Materials Ending WIP Factory Utilities Indirect Materials Used from Raw Materials Insurance (70% for factory 30% for admin) Marketing Expenses Raw Materials Purchases Repair and Maintenance on Factory Equip Sales Sales Supervision $ 686,200 $ 108,620 $ 427,150 $ 20,625 $ 202,035 $ 756,908 $ 93,612 $ 501,302 $ 27,941 $ 312,052 $ 87,712 $210,855 $ 442,807 $ 2,422,920 $ 129,246 $ 6,420,456 $ 294,485
Direct Materials Used is:
Cost of Goods Sold is closest to:
Cost of Goods Manufactured is closest to:
Transcribed Image Text:Direct Materials Used is: Cost of Goods Sold is closest to: Cost of Goods Manufactured is closest to:
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9781337912020
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Publisher:
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