If the ShoeFits, Inc is a Shoe Manufacturing Company located in Laguna. In deciding their 4th Quarter Production Plan, the cost accountant have to classify the costs based on the data below for the month of September 2022: *ACTUAL PRODUCTION 100 pairs of leather Boots 300 pairs of Rubber Flats *Each pair requires the following materials Leather Shoes Leather Boots Rubber Flats 3 Sq. ft of leather 7 Sq. ft of leather 6 Sq. ft of rubber 2 regular shoe laces 2 premium shoe laces 2 sole
- If the ShoeFits, Inc is a Shoe Manufacturing Company located in Laguna. In deciding their 4th Quarter Production Plan, the cost accountant have to classify the costs based on the data below for the month of September 2022:
*ACTUAL PRODUCTION
100 pairs of leather Boots
300 pairs of Rubber Flats
*Each pair requires the following materials
|
Leather Shoes |
Leather Boots |
Rubber Flats |
|
3 Sq. ft of leather |
7 Sq. ft of leather |
6 Sq. ft of rubber |
|
2 regular shoe laces |
2 premium shoe laces |
2 soles |
|
2 soles |
2 soles |
*Cost of Materials
|
Leather |
₱ 174.00 |
|
Rubber |
₱ 87.00 |
|
Premium shoe laces |
₱ 58.00 |
|
Regular shoe laces |
₱ 34.80 |
|
Soles |
₱ 116.00 |
*Other Costs for the Month
|
Electricity (80% Factory 20% Admin) |
₱ 50,000.00 |
|
Salaries of Production Workers |
₱ 130,000.00 |
|
Salaries of Administrative Department |
₱ 80,000.00 |
|
Factory Supplies |
₱ 10,000.00 |
|
Production Supervisors' Salaries |
₱ 40,000.00 |
|
COMPUTE FOR THE FF: |
|
1. Direct Materials |
|
2. Direct Labor |
|
3. Manufacturing Overhead |
|
4. Total |
|
5. Prime Costs |
|
6. Conversion Costs |
|
7. Period Costs |
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