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?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 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
Transcribed Image Text: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
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
Transcribed Image Text: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
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