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const2013 [10]
4 years ago
14

West Coast Growers incurs the following costs during the year related to the creation of a new disease-resistant tomato plant. S

alaries for R&D $ 540,000 Depreciation on R&D facilities and equipment 145,000 Utilities incurred for the R&D facilities 7,000 Patent filing and related legal costs 27,000 Payment to another company for part of the development work 13,000 What amount should West Coast Growers report as research and development (R&D) expense in its income statement?
Business
1 answer:
posledela4 years ago
5 0

Answer:

Explanation:

Salaries R&D $540,000

Depreciation on equipment 145,000

Utilities incurred 7,000

Payment for development work 13,000

R&D expense 705,000

*Paten filing and related legal costs are recorded to patent intangible asset account

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Mullin, inc, purchases supplies such as paper, and seat covers directly from manufacturers and then sells them to other firms. m
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4 years ago
max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay se
jasenka [17]

To solve for the semimonthly payments on Max's insurance cost:

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Employer pays 60%

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(11,700)(.60) = $7,020

Max's employer pays $7,020

Max pays $4,680 (11,700-7,020)

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6 0
3 years ago
A partial listing of costs incurred during March at Febbo Corporation appears below: Factory supplies $ 9,000 Administrative wag
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Answer:

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The total manufacturing overhead costs should include the following heads:

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Factory depreciation                                    $   33,000

Indirect labor                                                 $  26,000

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The direct materials and direct labor are not part of the manufacturing overhead. though they are part of the manufacturing costs.

The admin  wages and salaries, corporate headquarters rent and the marketing costs are not manufacturing costs

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3 years ago
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