Need A-D completed The following are costs a cabinet maker incurred for the year:- Advertising: $34,900- Cost of hardware (slides, handles, etc): $33,100- Cost of wood: $116,600- Depreciation on production equipment: $32,700- Factory property taxes: $17,600- Factory rent: $39,700- Glue: $3,790- Production supervisor’s salary: $41,500- Sales manager’s salary: $41,000- Utilities for factory: $25,000- Wages for maintenance workers: $31,300- Wages of assembly workers: $92,500- Wages of finishing workers: $77,200Calculate the following:**Required:**a. Direct materials costs. b. Direct labor costs. c. Manufacturing overhead. d. Total manufacturing costs. e. Prime costs. f. Conversion costs. g. Total period costs.Complete this question by entering your answers in the tabs below.

Answered: The following are costs a cabinet maker…

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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Need A-D completed

The following are costs a cabinet maker incurred for the year:

- Advertising: $34,900
- Cost of hardware (slides, handles, etc): $33,100
- Cost of wood: $116,600
- Depreciation on production equipment: $32,700
- Factory property taxes: $17,600
- Factory rent: $39,700
- Glue: $3,790
- Production supervisor’s salary: $41,500
- Sales manager’s salary: $41,000
- Utilities for factory: $25,000
- Wages for maintenance workers: $31,300
- Wages of assembly workers: $92,500
- Wages of finishing workers: $77,200

Calculate the following:

**Required:**

a. Direct materials costs.
b. Direct labor costs.
c. Manufacturing overhead.
d. Total manufacturing costs.
e. Prime costs.
f. Conversion costs.
g. Total period costs.

Complete this question by entering your answers in the tabs below.

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Manufacturing overhead costs: Manufacturing overhead costs, which do not relate directly to the manufacturing of products, are referred to as manufacturing overhead costs or indirect costs. Manufacturing overhead cost per unit is the cost of manufacturing overhead incurred to produce one product unit.

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