Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year:       Cost of clay used in production $ 67,000 Wages paid to the workers who paint the figurines $ 82,000 Wages paid to the sales manager's secretary $ 34,000 Cost of junk mail advertising $ 51,000     What is the total of the direct costs above? Multiple Choice A. $67,000 B. $116,000 C. $149,000 D. $200,000

Q: CPT Inc. is a local manufacturer of conveyor systems. Last year, CPT sold over $2 million worth of…

A:

Q: Solomon Trophies makes and sells trophies it distributes to little league ballplayers. The company…

A: Variable costs are those costs that keeps on changing with change in the output level, which implies…

Q: Products markets two computer games: Claimjumper and Makeover. A contribution format income…

A: The contribution margin is calculated as difference between sales and variable costs. The break even…

Q: Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing…

A: A planning budget for production or manufacturing unit is a vital tool. It enables the companies to…

Q: artwell Inc. makes picture frames which are sold in a local retail store and through various…

A: 1. Variable cost= it is the cost which changes due to change in the volume of output. in this…

Q: clasify each costs as either fixed, variable or mixed: a. shipping boxes used to ship orders b.…

A: Clasify each costs as either fixed, variable or mixed:

Q: Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income…

A: ExplanationStep 1:Breakeven point of sales is the level of sales where total sales is equals to the…

Q: artwell Inc. makes picture frames which are sold in a local retail store and through various…

A: Prime cost is the total direct cost incurred to produce the product.

Q: Required: 1. Compute the following variances for July: (Indicate the effect of each variance by…

A: Solution:- Given, Dawson Toys, Ltd., produces a toy called the Maze Direct materials = 8 microns per…

Q: Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present,…

A: Solution 4:   Required Contribution margin ratio 40% Therefore, Required Variable Cost ratio 60%…

Q: Mighty Muffler, Inc., operates an automobile service facility that specializes in replacing mufflers…

A: It is pertinent to note that fixed costs are costs that remain constant irrespective of the level of…

Q: The Bello Horizonte Company is a textile company that specializes in manufacturing promotional items…

A: Calculation of Annual Manufacturing overhead cost-allocation rate  = total manufacturing overhead…

Q: ucido Products markets two computer games: Claimjumper and Makeover. A contribution format income…

A: The overall contribution margin can be calculated by dividing the total contribution margin by total…

Q: art 067 is used in one of Broce Corporation's products. The company's Accounting Department reports…

A: The differential analysis is performed to compare the different alternatives available with the…

Q: Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes.…

A: The costs incurred during the production can be classified as direct cost and indirect costs.  The…

Q: Rutkey Collectibles is a small toy company that manufactures and sells metal replicas of classic…

A: a) Prepare a schedule to show the impact of providing the special order of 900 units on Rutkey's…

Q: The Hobbes Company manufactures stuffed toy animals and had the following cost information for the…

A: The inventory cost includes direct material, direct labor and manufacturing overhead.

Q: ABC Corporation manufactures and sells hand-painted clay figurines of popular sports heroe- Shown…

A: Lets understand the basics.Product cost is the cost incurred on the manufacture or making of the…

Q: Johnson Company manufactures and sells different colors of dry erase markers. Results from last year…

A: Lets understand the basics.Management needs to choose between whether to continue product line or…

Q: Cadence Computer currently manufactures the disk drives that it uses in its computers. Cost per…

A: Solution: (1). Total Cost Saving & Benefit of Buying outside   Total Cost Other than fixed…

Q: Piper Rose Boutique has been approached by the community college to make special polo shirts for the…

A: The relevant cost is the cost that can be affected by the decision of the manager. when a company…

Q: We know the following for Train Company: Direct Materials: $400,000 Rent on Corporate Sales Office:…

A: Solution:- Calculation of the  product costs as follows:- Introduction:- Product costs include All…

Q: elly Slater desires to purchase a new front office computer system for his Surfers Paradise Inn.…

A: 1.Which are sunk costs? sunk costs are those cost which are irrelevant in decision making . These…

Q: Zee-Drive Ltd. is a computer manufacturer. One of the items they make is monitors. Zee-Drive has the…

A: Relevant cost is the cost which is avoidable or differs between the two alternatives. If the cost is…

Q: Award Plus Company manufactures medals for winners of athletic events and other contests. Its…

A: Variable cost varies with a number of units whereas fixed cost remains constant within a relevant…

Q: What would be the effect on Concord’s income if the special order were accepted? Concord’s income…

A:

Q: Little League, Inc. makes two kinds of Number of units sold Sales price per unit Direct materials…

A: Overhead is applied to costs on the basis of overhead rate calculated at the beginning of the year .…

Q: Elliott Trophies makes three types of awards for organizations to give employees or team members.…

A: Contribution Margin :— It is the difference between sales revenue and variable cost.    Weighted…

Q: Dance Creations manufactures authentic Hawaiian hula skirts that are purchased for traditional…

A: In variable costing all variable cost group together regardless of total product cost.it includes…

Q: Munoz Trophies makes and sells trophies it distributes to little league ballplayers. The company…

A: Fixed costs: Fixed costs means cost that are not dependent on the level of production of goods or…

Q: Unearthed Company makes small widgets. The manufacturing costs per unit to produce a widget are as…

A: Prime cost: The prime cost is the cost incurred on direct material and direct labor in the…

Q: ridgeport Racers makes bicycles. It has always purchased its bicycle tires from the Cullumber Tires…

A: Relevant Cost: Relevant costs are the expected cost which are different for every alternative course…

Q: The large forward-facing statues in Job 3 sold at the following prices: 900 large forward-facing…

A: SOLUTION-   FORMULA- CONTRIBUTION MARGIN RATIO = CONTRIBUTION MARGIN / SALES *100. VARIABLE COST…

Q: Jumbo Co. sells a special toy product in Hong Kong. The cost information for the current year is as…

A: The question is based on the concept of Cost  Accounting.

Q: all plant that relles heavlly on direct labor workers. Thus, variable expenses are high, totaling…

A: Breakeven point is the point at which there is no profit and no loss. this point the contribution is…

Q: Mirabella Beauty manufactures and sells a face cream to small specialty stores in the greater Los…

A: Break-even point = It is the level of sales wherein the company has no profit and no loss. Below the…

Q: San Pablo Machine Works had always made its components in-house. However, Silangan Company had…

A: Total purchase costs = purchase cost per unit x no. of units = 550*5300 units = 2915000

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.