Country Furniture Company manufactures furniture at its Akron, Ohio, factory
Some of its costs from the past year include:
Depreciation on sales office $ 9,000
Depreciation on factory equipment 16,000
Factory supervisor salary 50,500
Sales commissions 23,000
Lubricants used in factory equipment 3,000
Insurance costs for factory 21,000
Wages paid to factory maintenance workers 115,000
Fabric used to upholster furniture 10,000
Freight-in (on raw materials) 3,000
Costs of delivery to customers 9,000
Wages paid to assembly-line workers 155,500
Lumber used to build product 82,000
Utilities in factory 54,500
Utilities in sales office 26,500
Prime costs for Country Furniture Company totaled
A) $92,000.
B) $247,500.
C) $250,500.
D) $368,500.
C
Explanation: C) Calculations: $3,000 + 10,000 + 155,500 + 82,000 = $250,500
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A team is a group of two or more people with a shared mission and responsibility for a goal
Indicate whether the statement is true or false.