Answer:
STARK COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31
PARTICULARS AMOUNT$
Service Revenue 20,000
<u>Less-Expenses</u>
Supplies expense 200
Interest expense 500
Insurance expense 1800
Utilities expense 1300
Depreciation expense 2000
Wages expense 7500
Total expenses <u>13,300</u>
Net profit <u>$6,700</u>
STARK COMPANY
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31 Amount$
Retained earnings December 31 prior year end 14,800
Add- Net income 6,700
Less- Dividends 3,000
Retained earnings, December 31 Current year end $18,500
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Answer:
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The total amount of indirect factory wages is <u>$80,000</u>.
<h3>What is indirect factory wage?</h3>
Indirect factory wage includes all wages paid to workers who are not directly involved in production.
For example, the wages paid to workers who design products are classified as indirect costs because the workers are not directly involved in producing the units of goods and services.
Thus, the total amount of indirect factory wages is <u>$80,000</u>.
Learn more about indirect costs at brainly.com/question/24762880
