Benedetto Fallica is a manufacturer of fashionable clothing
Benedetto Fallica is a manufacturer of fashionable clothing. He hired Nadim Youkim as his CFO 5 years ago. Nadim has been happily working at the company for the past 7 years. Nadim has recently been asked by Benedetto to assess the following manufacturing records from the manufacture of the new clothing line with sales of $2,550,000 Beginning Direct Materials Inventory $45,000 Direct Materials Purchased $756,000 Beginning Work in Progress Inventory $58,500 Beginning Finished Goods Inventory $175,600 Wages paid for direct labourers $456,000 Wages paid to factory supervisors $234,000 P e iden Sala $450,000 Head office salary costs $350,000 Wages paid for Indirect Labour $23,450 Advertising and marketing expenses $356,000 Electricity used in plant $130,000 Overhead supplies used in plant $23,500 Marketing…
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