F. Compute the conversion cost G. Compute the total period cost c. Compute the manufacturing overhead.Manufacturing Overheadd. Compute the total manufacturing cost.Total Manufacturing Coste. Compute the prime cost.Prime Cost Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no productioninventories.Cost of fiberglass (raw material)Factory rentAdvertisingUtilities for factorY$ 97,000$ 54,000$130,000$ 16,000$ 84,000$ 42,000$ 41,000$ 10,000$ 32,000$ 22,000$ 2,400$ 86,000$ 34,000Wages of assembly workersProduction supervisor salarySales manager salaryFactory property taxesDepreciation on production equipmentCost of bindings (raw material)ScrewsWages of snowboard paintersWages of factory maintenance workersa. Compute the direct material costs.Direct Material Costsb. Compute the direct labor cost.Direct Labor Cost

Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inventories. Cost of fiberglass (raw material) Factory rent Advertising Utilities for factory Wages of assembly workers Production supervisor salary Sales manager salary Factory property taxes Depreciation on production equipment Cost of bindings (raw material) Screws Wages of snowboard painters Wages of factory maintenance workers $ 97,000 $ 54,000 $130,000 $ 16,000 $ 84,000 $ 42,000 $ 41,000 $ 10,000 $ 32,000 $ 22,000 $ 2,400 $ 86,000 $ 34,000 a. Compute the direct material costs. Direct Material Costs b. Compute the direct labor cost. Direct Labor Cost

Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume no production inventories. Cost of fiberglass (raw material) Factory rent Advertising Utilities for factory Wages of assembly workers Production supervisor salary Sales manager salary Factory property taxes Depreciation on production equipment Cost of bindings (raw material) Screws Wages of snowboard painters Wages of factory maintenance workers $ 97,000 $ 54,000 $130,000 $ 16,000 $ 84,000 $ 42,000 $ 41,000 $ 10,000 $ 32,000 $ 22,000 $ 2,400 $ 86,000 $ 34,000 a. Compute the direct material costs. Direct Material Costs b. Compute the direct labor cost. Direct Labor Cost

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4EA: Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on...

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Fast Feet Inc. makes running shoes and they are anticipating the incurrence of the following manufacturing overhead costs during the upcoming year: Indirect materials Cost $13,000 Indirect Labor Utilities Insurance Taxes $78,000 $44,000 $12,500 $12,400 $21,000 Depreciation on equipment What will Fast Feet Inc. budget for cash disbursements related to manufacturing overhead? OA. $122,100 OB. $159,900 OC. $91,000 OD. $180,900
Product A is produced with the following costs: 1) Paper material P20 per unit 2) Plastic P15 per unit 3) Rubber P27000 per 12000 units. 4) Labor P4 per unit 5) Indirect material costs P2.5 per unit The company pays P60,000 for rent per month for factory. It depreciates a P300,000 vehicle used for delivery and a P210,000-machine used for manufacturing, both have a life of 5 years. a. How much should be the total overhead costs if in a month, 1000 units were produced? b. How much should be the direct material costs if in a month, 1,500 units were produced? c. How much is the total conversion cost if 3,000 units are produced? d.How much is the total product cost per unit if in a month of production 4,750 units were produced? e. How many units should be sold in a month to break even?
Mariposa Manufacturing builds custom wooden cabinets, Mariposa Manufacturing has reported the following costs for the previous year. Assume no production inventories. Advertising: $70,000Cost of hardware (slides, handles, etc.): $34,000 Cost of wood: $117,000 Depreciation on production equipment: $63,000Factory property taxes: $17,300 Factory rent: $76,000 Glue: $3,800 Production supervisor salary: $40,700Sales manager salary: $41,600Utilities for factory: $23,900 Wages for maintenance workers: $31,800 Wages of assembly workers: $91,400Wages of finishing workers: $77,300 Compute the direct material cost and direct labor cost
Mariposa Manufacturing builds custom wooden cabinets, Mariposa Manufacturing has reported the following costs for the previous year. Assume no production inventories. Advertising: $70,000Cost of hardware (slides, handles, etc.): $34,000 Cost of wood: $117,000 Depreciation on production equipment: $63,000Factory property taxes: $17,300 Factory rent: $76,000 Glue: $3,800 Production supervisor salary: $40,700Sales manager salary: $41,600Utilities for factory: $23,900 Wages for maintenance workers: $31,800 Wages of assembly workers: $91,400Wages of finishing workers: $77,300 Compute the prime cost
Mariposa Manufacturing builds custom wooden cabinets, Mariposa Manufacturing has reported the following costs for the previous year. Assume no production inventories. Advertising: $70,000 Cost of hardware (slides, handles, etc.): $34,000 Cost of wood: $117,000 Depreciation on production equipment: $63,000 Factory property taxes: $17,300 Factory rent: $76,000 Glue: $3,800 Production supervisor salary: $40,700 Sales manager salary: $41,600 Utilities for factory: $23,900 Wages for maintenance workers: $31,800 Wages of assembly workers: $91,400 Wages of finishing workers: $77,300 Compute the manufacturing overhead and total manufacturing cost
Mariposa Manufacturing builds custom wooden cabinets, Mariposa Manufacturing has reported the following costs for the previous year. Assume no production inventories. Advertising: $70,000 Cost of hardware (slides, handles, etc.): $34,000 Cost of wood: $117,000 Depreciation on production equipment: $63,000 Factory property taxes: $17,300 Factory rent: $76,000 Glue: $3,800 Production supervisor salary: $40,700 Sales manager salary: $41,600 Utilities for factory: $23,900 Wages for maintenance workers: $31,800 Wages of assembly workers: $91,400 Wages of finishing workers: $77,300 Compute the conversion cost
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Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs: Rent on manufacturing facility $ 250,000 Office manager's salary 150,000 Wages of factory machine operators 110,000 Depreciation on manufacturing equipment 50,000 Insurance and taxes on selling and administrative offices 30,000 Direct materials purchased and used 170,000 Based on the above information, the amount of period costs shown on Steuben's income statement is: Multiple Choice $150,000. $180,000. $430,000. S 30,000.
brahim Corporation has the following estimated costs for the year:Direct Materials Rs. 20,000 Factory Rent Rs. 10,000 Sales Salaries Rs. 50,000 Factory Depreciation Rs. 5,000 Direct Labor Rs. 25,000 Foreman’s Salary Rs. 20,000 Indirect Material Rs. 4,000 Indirect Labor Rs. 3,000 Ibrahim Corporation estimates that 25,000 labor-hours will be worked during the year. If FOH rate is applied on the basis of direct labor hours, the overhead rate per hour will be:
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Otsego Industries manufactured 300,000 units of product last year and identified the following costs associated with the manufacturing activity: Variable costs: Direct materials used Direct labor Indirect materials and supplies Power to run plant equipment Fixed costs: Supervisory salaries Plant utilities (other than for plant equipment) Depreciation on plant and equipment Property taxes on building Answer is not complete. $ 10,965.00 $ 8,160.00 $ 19,125.00 ($000) $ 6,120.0 4,060.0 1,420.0 1,300.0 Required: Unit variable costs and total fixed costs are expected to remain unchanged in the following year. However, management expects a slowdown in sales, because of the economy in the following year. Calculate the unit cost and the total cost if 255,000 units are produced next year. Note: Enter your total cost answers in thousands. Round your answers to 2 decimal places. Total variable costs Total fixed costs Total costs Unit costs $ 2,460.0 1,896.7 2,285.0 1,518.3
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