The Following Information Was Obtained from Fizz Company Calculate Fizz's Total Product Costs

question 145

Multiple Choice

The following information was obtained from Fizz Company:
$$\begin{array} { | l | l | } \hline \text { Advertising costs } & \$ 9100 \\\hline \text { Indirect labour } & 3600 \\\hline \text { CEO's salary } & 61,000 \\\hline \text { Direct labour } & 40,000 \\\hline \text { Indirect materials } & 5000 \\\hline \text { Direct materials used } & 60,000 \\\hline \text { Factory electricity and gas } & 520 \\\hline \text { Factory janitorial costs } & 1800 \\\hline \text { Manufacturing equipment depreciation } & 1200 \\\hline \text { Delivery vehicle depreciation } & 1700 \\\hline \text { Administrative wages and salaries } & 20,000 \\\hline\end{array}$$
Calculate Fizz's total product costs.

• A) $110,600
• B) $114,120
• C) $100,000
• D) $91,800

Understand the process for identifying and making appropriate consolidation adjustment entries involving sales revenue, cost of sales, and inventory.

Recognize the implications of intragroup asset transfers, including plant and equipment, on consolidated financial statements.

Analyze the effects of intragroup transactions on non-current asset values and depreciation adjustments in consolidation.

Grasp the principles behind the treatment of advances and loans within a group for consolidation purposes.

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