Help! Listed here are costs for a shoe manufacturer. Determine total (a) direct materials costs, (b) direct labor costs, and (c) factory overheadcosts. Hint: Some costs are excluded from all three cost categories.CostOffice worker wages, $42,400Factory supervisor salaries, $72,400Wages to assembly workers, $64,400Glue used in shoes, $320Rubber used in shoes, $14,600Factory property tax, $1,980Salesperson commissions, $67,400Depreciation on factory equipment, $19,400Leather used in shoes, $16,400TotalDirectMaterialsDirect LaborFactoryOverhead$0$0 $0

Definitions of TermsDirect Materials - These are raw materials that are directly traceable to the…

Answered: Listed here are costs for a shoe…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 4E: For apparel manufacturer Abercrombie Fitch, Inc. (ANF), classify each of the following costs as...

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Listed here are product costs for production of soccer balls. Classify each cost as either direct or indirect. Product Cost 1. Coolants for machinery 2. Wages of product assembly workers 3. Annual flat fee paid for factory security 4. Taxes on factory 5. Machinery depreciation (straight-line) 6. Rubber bladder interior for balls 7. Factory building rent 8. Wages of factory machine operators 9. Wages of factory maintenance workers 10. Factory supervisor salary Direct or Indirect
2.
1 For each of the following costs, identify the cost behavior as variable, mixed, or fixed: 1. Wages of assembly line workers 2. President's salary. 3. Plant utilities, 4. Sales force commissions 5. Shipping costs 6. Factory rent. 7. Research and development expenses 8. Property taxes 9. Advertising. 10. Supplies used in production
Roper Furniture manufactures office furniture and tracks cost data across their process. The following are some of the costs that they incur. Classify these costs as fixed or variable costs, and as product costs or period costs. A. Wood used to produce desks ($125.00 per desk) B. Production labor used to produce desks ($15 per hour) C. Production supervisor salary ($45,000 per year) D. Depreciation on factory equipment ($60,000 per year) E. Selling and administrative expenses ($45,000 per year) F. Rent on corporate office ($44,000 per year) G. Nails, glue, and other materials required to produce desks (varies per desk) H. Utilities expenses for production facility I. Sales staff commission (5% of gross sales)
Following are selected costs of a company that manufactures computer chips. Classify each as either a product cost or a period cost. Then classify each of the product costs as direct material, direct labor, or overhead. 1. Plastic boards used to mount chips 2. Advertising costs 3. Factory maintenance workers’ salaries 4. Real estate taxes paid on the sales office 5. Real estate taxes paid on the factory 6. Factory supervisor salary 7. Depreciation on factory equipment 8. Assembly worker hourly pay to make chips
8
Presented below are Carla Vista Company's monthly manufacturing cost data related to its personal computer products. (Assume that all raw materials used were direct materials.) (a) (b) (c) (d) Wages for assembly line workers (a) (b) Taxes on factory building Raw materials transferred to production Depreciation on manufacturing equip. (c) (d) Enter each cost item in the following table, placing an "X" under the appropriate headings. Direct Materials $967,600 X 77,880 247,800 401,200 Product Costs Direct Labor X Manufacturing Overhead X X
What is the total manufacturing cost per unit for Hadley under the ABC system on these accounting question?
Costs are often classified in several ways. For example, Lake Company pays $5,000 rent each monthon its factory building. The rent is part of manufacturing overhead. In terms of cost behavior, itwould be classified as a(n) ___________________. The rent can also be classified as a(n)__________________________and as a(n)_______________________ .
The following is a list of costs incurred by several manufacturing companies: Classify each of the following costs as product cost or period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense: Costs Classification a. Annual picnic for plant employees and their families b. Cost of fabric used by clothing manufacturer c. Cost of plastic for a toy manufacturer d. Cost of sewing machine needles used by a shirt manufacturer e. Cost of television commercials f. Depreciation of copying machines used by the Marketing Department g. Depreciation of microcomputers used in the factory to coordinate and monitor the production schedules h. Depreciation of office building i. Depreciation of robotic equipment used to assemble a product j. Electricity used to operate factory machinery k. Factory…
Chang Company provided the following data for this year: Manufacturing overhead costs incurred: Indirect materials. Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 16,600 146,000 9,600 86,000 252,700 11,600 $ 522,500 $ 416,000 $ 76,000 $ 21,600 $ 31,600 $ 41,600 $ 71,600 The company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to jobs. A total of 21,300 machine- hours were used during the year. Required: 1. Compute the underapplied or overapplied overhead cost. 2. Prepare a schedule of cost of goods manufactured.
Chang Company provided the following data for this year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending Required: 1. Compute the underapplied or overapplied overhead cost. 2. Prepare a schedule of cost of goods manufactured. Complete this question by entering your answers in the tabs below. Required 1 The company uses a predetermined overhead rate of $26 per machine-hour to apply overhead cost to jobs. A total of 21,400 machine- hours were used during the year. Required 2 Prepare a schedule of cost of goods manufactured. $ 16,700 147,000 9,700 Chang Company Schedule of Cost of Goods Manufactured 87,000 273,900 11,700 $ 546,000…

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