“6. CF Company manufactures wooden rocking chairs. CF identified the following three material costs in its production process for July: $100,000 for springs for the rocking mechanism. Two springs at a cost of $10 each are used in each chair. $1,700 for glue used as needed from one gallon containers. $500 for stain used to touch up spots on the chairs. The total cost that should have been assigned to indirect material for July was a. $102,200 b. $500 c. $2,200 d. $1,700”

June 20, 2017 mfadmin Managerial Accounting

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“6. CF Company manufactures wooden rocking chairs. CF identified the following three material costs in its production process for July: $100,000 for springs for the rocking mechanism. Two springs at a cost of $10 each are used in each chair. $1,700 for glue used as needed from one gallon containers. $500 for stain used to touch up spots on the chairs. The total cost that should have been assigned to indirect material for July was a. $102,200 b. $500 c. $2,200 d. $1,700”