Instructions: a) Enter each cost item on your answer sheet, placing an "X" mark under the appropriate headings. Direct Materials Direct Labor Manufacturing Overhead Period Costs 1 Rent on manufacturing equipment ($2,000/month) 2 Insurance on manufacturing building ($750/month) 3 Raw materials ($80/bicycle) 4 Manufacturing utilities ($1,000/month) 5 Office supplies ($800/month) 6 Wages for workers ($30/bicycle) 7 Depreciation on office equipment ($650/month) 8 Miscellaneous materials ($1.20/bicycle) 9 Property taxes on manufacturing building ($2,400/year) 10 Manufacturing supervisor's salary ($3,000/month) 11 Advertising cost (30,000/year) 12 Sales commissions ($10/bicycle) 13 Depreciation on manufacturing building ($1,500/month) b) Compute total manufacturing costs for the month Cost Rent on manufacturing equipment Insurance on manufacturing building Raw materials Manufacturing utilities Labor Miscellaneous materials Property taxes on manufacturing building Manufacturing supervisor's salary Depreciation on manufacturing building Total manufacturing costs $
Instructions: a) Enter each cost item on your answer sheet, placing an "X" mark under the appropriate headings. Direct Materials Direct Labor Manufacturing Overhead Period Costs 1 Rent on manufacturing equipment ($2,000/month) 2 Insurance on manufacturing building ($750/month) 3 Raw materials ($80/bicycle) 4 Manufacturing utilities ($1,000/month) 5 Office supplies ($800/month) 6 Wages for workers ($30/bicycle) 7 Depreciation on office equipment ($650/month) 8 Miscellaneous materials ($1.20/bicycle) 9 Property taxes on manufacturing building ($2,400/year) 10 Manufacturing supervisor's salary ($3,000/month) 11 Advertising cost (30,000/year) 12 Sales commissions ($10/bicycle) 13 Depreciation on manufacturing building ($1,500/month) b) Compute total manufacturing costs for the month Cost Rent on manufacturing equipment Insurance on manufacturing building Raw materials Manufacturing utilities Labor Miscellaneous materials Property taxes on manufacturing building Manufacturing supervisor's salary Depreciation on manufacturing building Total manufacturing costs $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
Instructions: | |||||
a) Enter each cost item on your answer sheet, placing an "X" mark under the appropriate headings. | |||||
Direct Materials | Direct Labor | Manufacturing |
Period Costs | ||
1 | Rent on manufacturing equipment ($2,000/month) | ||||
2 | Insurance on manufacturing building ($750/month) | ||||
3 | Raw materials ($80/bicycle) | ||||
4 | Manufacturing utilities ($1,000/month) | ||||
5 | Office supplies ($800/month) | ||||
6 | Wages for workers ($30/bicycle) | ||||
7 | Depreciation on office equipment ($650/month) | ||||
8 | Miscellaneous materials ($1.20/bicycle) | ||||
9 | Property taxes on manufacturing building ($2,400/year) | ||||
10 | Manufacturing supervisor's salary ($3,000/month) | ||||
11 | Advertising cost (30,000/year) | ||||
12 | Sales commissions ($10/bicycle) | ||||
13 | Depreciation on manufacturing building ($1,500/month) | ||||
b) Compute total |
|||||
Cost | |||||
Rent on manufacturing equipment | |||||
Insurance on manufacturing building | |||||
Raw materials | |||||
Manufacturing utilities | |||||
Labor | |||||
Miscellaneous materials | |||||
Property taxes on manufacturing building | |||||
Manufacturing supervisor's salary | |||||
Depreciation on manufacturing building | |||||
Total manufacturing costs | $ | ||||
Direct Materials | Direct Labor | Manufacturing Overhead | Period Costs | ||
1 | Rent on manufacturing equipment ($2,000/month) | ||||
2 | Insurance on manufacturing building ($750/month) | ||||
3 | Raw materials ($80/bicycle) | ||||
4 | Manufacturing utilities ($1,000/month) | ||||
5 | Office supplies ($800/month) | ||||
6 | Wages for workers ($30/bicycle) | ||||
7 | Depreciation on office equipment ($650/month) | ||||
8 | Miscellaneous materials ($1.20/bicycle) | ||||
9 | Property taxes on manufacturing building ($2,400/year) | ||||
10 | Manufacturing supervisor's salary ($3,000/month) | ||||
11 | Advertising cost (30,000/year) | ||||
12 | Sales commissions ($10/bicycle) | ||||
13 | Depreciation on manufacturing building ($1,500/month) | ||||
b) Compute total manufacturing costs for the month | |||||
Cost | |||||
Rent on manufacturing equipment | |||||
Insurance on manufacturing building | |||||
Raw materials | |||||
Manufacturing utilities | |||||
Labor | |||||
Miscellaneous materials | |||||
Property taxes on manufacturing building | |||||
Manufacturing supervisor's salary | |||||
Depreciation on manufacturing building | |||||
Total manufacturing costs | $ | ||||
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