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Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $500 each. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers–$82,000 3. Property taxes on factory–$5,000 4. Accounting staff salaries-$35,000 5. Drum stands (1,000 stands purchased)-$26,000 6. Rent cost of equipment for sales staff-$10,000 7. Upper management salaries-$125,000 8. Annual flat fee for factory maintenance service-$10,000 9. Sales commissions-$15 per unit 10. Machinery depreciation, straight-line-$40,000

Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $500 each. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers–$82,000 3. Property taxes on factory–$5,000 4. Accounting staff salaries-$35,000 5. Drum stands (1,000 stands purchased)-$26,000 6. Rent cost of equipment for sales staff-$10,000 7. Upper management salaries-$125,000 8. Annual flat fee for factory maintenance service-$10,000 9. Sales commissions-$15 per unit 10. Machinery depreciation, straight-line-$40,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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### Required Information **Problem 14-1A Cost Computation, Classification, and Analysis LO C2, C3** *The following information applies to the questions displayed below.* Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $500 each. | Costs | |---------------------------------------------------------------| | 1. Plastic for casing—$17,000 | | 2. Wages of assembly workers—$82,000 | | 3. Property taxes on factory—$5,000 | | 4. Accounting staff salaries—$35,000 | | 5. Drum stands (1,000 stands purchased)—$26,000 | | 6. Rent cost of equipment for sales staff—$10,000 | | 7. Upper management salaries—$125,000 | | 8. Annual flat fee for factory maintenance service—$10,000 | | 9. Sales commissions—$15 per unit | | 10. Machinery depreciation, straight-line—$40,000 |
Transcribed Image Text:### Required Information **Problem 14-1A Cost Computation, Classification, and Analysis LO C2, C3** *The following information applies to the questions displayed below.* Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $500 each. | Costs | |---------------------------------------------------------------| | 1. Plastic for casing—$17,000 | | 2. Wages of assembly workers—$82,000 | | 3. Property taxes on factory—$5,000 | | 4. Accounting staff salaries—$35,000 | | 5. Drum stands (1,000 stands purchased)—$26,000 | | 6. Rent cost of equipment for sales staff—$10,000 | | 7. Upper management salaries—$125,000 | | 8. Annual flat fee for factory maintenance service—$10,000 | | 9. Sales commissions—$15 per unit | | 10. Machinery depreciation, straight-line—$40,000 |
### Calculate the Manufacturing Cost per Drum Set #### TrueBeat ##### Calculation of Manufacturing Cost per Drum Set ###### For the Year Ended December 31, 2017 **Item | Total cost | Per unit cost** --- **Variable production costs** - (Blank rows for item description, total cost, per unit cost) --- **Total variable production costs** --- **Fixed production costs** - (Blank rows for item description, total cost, per unit cost) --- **Total fixed production costs** --- **Total production cost**
Transcribed Image Text:### Calculate the Manufacturing Cost per Drum Set #### TrueBeat ##### Calculation of Manufacturing Cost per Drum Set ###### For the Year Ended December 31, 2017 **Item | Total cost | Per unit cost** --- **Variable production costs** - (Blank rows for item description, total cost, per unit cost) --- **Total variable production costs** --- **Fixed production costs** - (Blank rows for item description, total cost, per unit cost) --- **Total fixed production costs** --- **Total production cost**
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