PROBLEM. Please show your computations to receive full credit. Mariposa Manufacturing builds custom wooden cabinets. Mariposa Manufacturing has reported the following costs for the previous year. Assume no production inventories. $70,500 $34,000 Advertising Cost of hardware (slides, handles, etc.) Cost of Wood $117,800 Depreciation on Production Equipment Factory Property Taxes $63,000 $17,500 Factory Rent $76,000 Glue $3,800 Production Supervisor Salary Sales Manager Salary $40,700 $41,600 Utilities for Factory $22,900 $31,800 Wages for Maintenance Workers Wages of Assembly Workers $91,400 $77,800 Wages of Finishing Workers Compute the foliowing: i. Direct material costs ii. Direct labor cost ii, Manufacturing overhead iv. Total manufacturinR Cost

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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PROBLEM. Please show your computations to receive full credit.
Mariposa Manufacturing builds custom wooden cabinets. Mariposa Manufacturing has reported the following costs for the
previous year. Assume no production inventories.
Advertising
$70,500
$34,000
$117,800
$63,000
$17,500
$76,000
$3,800
$40,700
$41,600
$22,900
$31,800
Cost of hardware (sides, handles, etc.)
Cost of Wood
Depreciation on Production Equipment
Factory Property Taxes
Factory Rent
Glue
Production Supervisor Salary
Sales Manager Salary
Utilities for Factory
Wages for Maintenance Workers
Wages of Assembly Workers
Wages of Finishing Workers
$91,400
$77,800
Compute the following:
i. Direct material costs
ii. Direct labor cost
iii. Manufacturing overhead
iv. Total manufacturing cost
v. Prime cost
vi. Conversion cost
vii. Total period cost
Edit Format Table
12pt v Paragraph
B IU A
Transcribed Image Text:PROBLEM. Please show your computations to receive full credit. Mariposa Manufacturing builds custom wooden cabinets. Mariposa Manufacturing has reported the following costs for the previous year. Assume no production inventories. Advertising $70,500 $34,000 $117,800 $63,000 $17,500 $76,000 $3,800 $40,700 $41,600 $22,900 $31,800 Cost of hardware (sides, handles, etc.) Cost of Wood Depreciation on Production Equipment Factory Property Taxes Factory Rent Glue Production Supervisor Salary Sales Manager Salary Utilities for Factory Wages for Maintenance Workers Wages of Assembly Workers Wages of Finishing Workers $91,400 $77,800 Compute the following: i. Direct material costs ii. Direct labor cost iii. Manufacturing overhead iv. Total manufacturing cost v. Prime cost vi. Conversion cost vii. Total period cost Edit Format Table 12pt v Paragraph B IU A
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