The following cost data for the month of May were taken from the records of the...

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The following cost data for the month of May were taken from the records of the...

The following cost data for the month of May were taken from the records of the Terrence Manufacturing Company: (CIA adapted)


Depreciation on factory equipment	$	1,700
Depreciation on sales office		850
Advertising		7,700
Wages of production workers		28,000
Raw materials used		42,000
Sales salaries and commissions		10,700
Factory rent		2,700
Factory insurance		850
Materials handling		2,200
Administrative salaries		2,700

Based upon this information, the manufacturing cost incurred during the month was:

Multiple Choice

$79,400.
$75,250.
$78,300.
$77,450.

business accounting

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Answer 1

Answer #1

Correct option is: $77,450

Workings:
Computation of Manufacturing cost incurred during the month:

Wages of production workers	=	$ 28,000
Raw material	=	$ 42,000
Material handling	=	$ 2,200
Factory rent	=	$ 2,700
Factory insurance	=	$ 850
Depreciation on factory equipment	=	$ 1,700
Total Manufacturing Cost	=	$ 77,450

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Answer 2

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