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S117,800 $63,000 $17,500 $76,000 $3,800 on Production Equipment erty Taxes Supervisor Salary $40.700

S117,800 $63,000 $17,500 $76,000 $3,800 on Production Equipment erty Taxes Supervisor Salary $40.700

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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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 Cost of hardware (slides, handles, etc.) $70,500 $34,000 $117,800 $63,000 $17,500 $76,000 $3,800 $40,700 $41,600 $22,900 $31,800 $91,400 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 $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 v BIU 1.34,000 + 117800 = $151,800 2. 91,400 + 77,800 $169200 3, 63,000 + $17,500 + 76,000 + 3,800 + 40,700 + 22,900 + 31,800 = $255,700 4. 5. ViewSonic
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 Cost of hardware (slides, handles, etc.) $70,500 $34,000 $117,800 $63,000 $17,500 $76,000 $3,800 $40,700 $41,600 $22,900 $31,800 $91,400 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 $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 v BIU 1.34,000 + 117800 = $151,800 2. 91,400 + 77,800 $169200 3, 63,000 + $17,500 + 76,000 + 3,800 + 40,700 + 22,900 + 31,800 = $255,700 4. 5. ViewSonic
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