d: 1. Assume the cost object is units of production: a. What is the total direct manufacturing cost incurred to make 24,500 units? b. What is the total indirect manufacturing cost incurred to make 24,500 units? 2. Assume the cost object is the Manufacturing Department and that its total output is 24,500 units. a. How much total manufacturing cost is directly traceable to the Manufacturing Department? b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department?
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
Required:
1. Assume the cost object is units of production:
a. What is the total direct
b. What is the total indirect manufacturing cost incurred to make 24,500 units?
2. Assume the cost object is the Manufacturing Department and that its total output is 24,500 units.
a. How much total manufacturing cost is directly traceable to the Manufacturing Department?
b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department?
3. Assume the cost object is the company’s various sales representatives. Furthermore, assume that the company spent $90,650 of its total fixed selling expense on advertising and the remainder of the total fixed selling expense comprised the fixed portion of the company's sales representatives’ compensation.
a. When the company sells 24,500 units, what is the total direct selling expense that can be readily traced to individual sales representatives?
b. When the company sells 24,500 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives?
![per unit are as follows:
Average
Cost per
Unit
$ 8. 20
$ 5.20
$ 2.70
$ 6.20
$ 4.70
$ 3.70
$ 2.20
$ 1.70
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Fixed selling expense
Fixed administrative expense
Sales commissions
Variable administrative expense
Required:
1. Assume the cost object is units of production:
a. What is the total direct manufacturing cost incurred to make 24,500 units?
b. What is the total Indirect manufacturing cost Incurred to make 24,500 units?
2 Assume the cost object is the Manufacturing Department and that Its total output is 24,500 units.
a. How much total manufacturing cost is directly traceable to the Manufacturing Department?
b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department?
3. Assume the cost object is the company's varlous sales representatives. Furthermore, assume that the company spent $90,650
Its total fixed selling expense on advertising and the remainder of the total fixed selling expense comprised the fixed portion of the
company's sales representatives' compensation.
a. When the company sells 24,500 units, what Is the total direct selling expense that can be readily traced to Individual sales
representatives?
b. When the company sells 24,500 units, what is the total Indirect selling expense that cannot be readily traced to individual sales
representatives?
Complete this question by entering your answers in the tabs below.
Required 1
Required 2 Required 3
2. Assume the cost object is the Manufacturing Department and that its total output is 24,500 units.
a. How much total manufacturing cost is directly traceable to the Manufacturing Department? (Round per unit values to 2
decimal places.)
b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department?
Show less a
2a. Direct materials per unit
Direct labor per unit
Variable manufacturing overhead per unit
Fixed manufacturing overhead per unit
Total manufacturing cost per unit
Number of units sold
Total direct costs
2b. Total indirect costs](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F23bc0a90-df6b-4529-96e8-221af15b06be%2Fefe2534c-263c-4692-8bee-f12be951ca09%2Fi1slxme_processed.jpeg&w=3840&q=75)
![per unit are as follows:
Average
Cost per
Unit
$ 8.20
$ 5.20
$ 2.70
$ 6.20
$ 4.70
$ 3.70
$ 2.20
$ 1.70
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Fixed selling expense
Fixed administrative expense
Sales commissions
Variable administrative expense
Required:
1. Assume the cost object is units of production:
a. What is the total direct manufacturing cost incurred to make 24,500 units?
b. What is the total Indirect manufacturing cost Incurred to make 24,500 units?
2. Assume the cost object is the Manufacturing Department and that Its total output is 24,500 units.
a. How much total manufacturing cost Is directly traceable to the Manufacturing Department?
b. How much total manufacturing cost is an Indirect cost that cannot be easily traced to the Manufacturing Department?
3. Assume the cost object is the company's varlous sales representatives. Furthermore, assume that the company spent $90,650 of
Its total fixed selling expense on advertısing and the remainder of the total fixed selling expense comprised the fixed portion of the
company's sales representatives' compensation.
a. When the company sells 24,500 units, what is the total direct selling expense that can be readly traced to Individual sales
representatives?
b. When the company sells 24,500 units, what is the total Indirect selling expense that cannot be readily traced to individual sales
representatives?
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Required 3
1. Assume the cost object is units of production:
a. What is the total direct manufacturing cost incurred to make 24,500 units? (Round per unit values to 2 decimal places.)
b. What is the total indirect manufacturing cost incurred to make 24,500 units? (Round per unit values to 2 decimal places.)
1a. Direct materials
unit
Direct labor per unit
Direct manufacturing cost per unit
Number of units sold
Total direct manufacturing cost
16. Variable manufacturing overhead per unit
Fixed manufacturing overhead per unit
Indirect manufacturing cost per unit
Number of units sold
Total indirect manufacturing cost](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F23bc0a90-df6b-4529-96e8-221af15b06be%2Fefe2534c-263c-4692-8bee-f12be951ca09%2F81nfyl_processed.jpeg&w=3840&q=75)
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