Fashion Bags incurs these costs for the month: Research costs $3 000 Leather material used...
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Accounting
- Fashion Bags incurs these costs for the month:
Research costs $3 000
Leather material used $5 000
Depreciation on production equipment $1 000
Shipping costs for goods shipped to a customer $ 200
Repairs and maintenance on office building $1 500
Glue, pins, threads $ 300
Required:
Determine each of the following costs: (list the costs under each cost category when calculating the answer).
- Product costs (1 mark)
ANSWER b (i):
- Period costs (1 mark)
ANSWER b (ii):
SHOW YOUR WORKING
| Response Box |
Wages for assembly line workers $6 000
Commissions paid to salespeople $1 800
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