Answer:

The Darwin Company is a small business that has recently released its financial records for the year 2023. The company’s report contains a number of important pieces of information, including sales revenue, direct materials used, depreciation of factory equipment, indirect labor, direct labor, factory rent, factory utilities, and sales salaries expenses.

Sales Revenue

The Darwin Company reported total sales revenue of $76,500 for the year 2023. This is a slight increase from the previous year’s sales of $75,500.

Direct Materials Used

Direct materials used by the Darwin Company totaled $7,300 for the year 2023. This figure represents the cost of the goods the company used to create their products.

Depreciation of Factory Equipment

The Darwin Company experienced a depreciation of their factory equipment in the amount of $4,700 during 2023.

Indirect Labor

The Darwin Company spent $5,900 on indirect labor throughout the year 2023.

Direct Labor

The Darwin Company spent $10,500 on direct labor throughout the year 2023.

Factory Rent and Utilities

The Darwin Company paid $4,200 in factory rent for the year 2023. In addition, the company spent $1,200 on factory utilities.

Sales Salaries Expense

The Darwin Company reported a sales salaries expense of $15,600 for the year 2023.

The Darwin Company is a small but growing business. Its financial report for 2023 contains a number of important pieces of information, including sales revenue, direct materials used, depreciation of factory equipment, indirect labor, direct labor, factory rent, factory utilities, and sales salaries expenses.