The Horizon Cable Manufacturing Company incurred the following costs while manufacturing its high voltage cables for SMUD and Washington Public Power. Materials used in product Depreciation on plant Property taxes on store $ 114,000 42,000 3,750 Labor costs assembly-line workers 96,365 Factory supplies used 17,250 Advertising expense Property taxes on plant $36,000 11,920 11,000 21,000 Salaries paid to sales clerks 19,000 Delivery expense Sales commissions Work-in-process inventory was $26,500 at January 1 and $15,500 at December 31. Finished goods inventory was $45,800 at January 1 and $51,300 at December 31.
The Horizon Cable Manufacturing Company incurred the following costs while manufacturing its high voltage cables for SMUD and Washington Public Power. Materials used in product Depreciation on plant Property taxes on store $ 114,000 42,000 3,750 Labor costs assembly-line workers 96,365 Factory supplies used 17,250 Advertising expense Property taxes on plant $36,000 11,920 11,000 21,000 Salaries paid to sales clerks 19,000 Delivery expense Sales commissions Work-in-process inventory was $26,500 at January 1 and $15,500 at December 31. Finished goods inventory was $45,800 at January 1 and $51,300 at December 31.
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter10: Accounting Systems For Manufacturing Operations
Section: Chapter Questions
Problem 10.3E: Classifying costs as factory overhead Which of the following items are properly classified as part...
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