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Use the Following Data to Compute Total Manufacturing Costs for the Month

question 23

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Use the following data to compute total manufacturing costs for the month:  Sales commissions ....................... $10,800 Direct labor 39,600 Indirect materials ......................... 15,200 Factory manager salaries 7,200 Factory supplies 9,000 Indirect labor 6,300 Depreciation-office equipment..................... 5,000 Direct materials .............. 40,500 Dorporate office salaries 42,500 Depreciation-factory equipment 7,500\begin{array}{|l|r|}\hline\text { Sales commissions ....................... } & \$ 10,800 \\\hline \text { Direct labor } & 39,600 \\\hline \text { Indirect materials ......................... } & 15,200 \\\hline \text { Factory manager salaries } & 7,200 \\\hline \text { Factory supplies } & 9,000 \\\hline \text { Indirect labor } & 6,300 \\\hline \text { Depreciation-office equipment..................... } & 5,000 \\\hline \text { Direct materials .............. } & 40,500 \\\hline \text { Dorporate office salaries } & 42,500 \\\hline\text { Depreciation-factory equipment } & 7,500\\\hline \end{array}

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Definitions:

Dividends

Dividends are payments made by a corporation to its shareholder members, reflecting a portion of the corporate profits allocated for distribution.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, are subtracted from total revenue.

Revenue

The income received by a company from its business activities, usually from the sale of goods and services to customers.

Expenses

Money spent or cost incurred in an entity's efforts to generate revenue, representing the cost of doing business.

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