Wood for frames $ 14,500 Rent for retail store 3,900 Depreciation on office equipment 580 Assembly worker wages 2,450 CEO's salary 3,950 Glue and nails 650 Online sales commissions 1,900 Glass for frames 5,800 Depreciation on factory equipment 1,050 Factory utilities Stain for frames 600 650 Required: 1. Determine the cost of direct material. 2. Determine the cost of direct labor. 3. Determine the cost of manufacturing overhead. 4. Determine the total manufacturing cost. 5. Determine the total period cost. 6. Determine the total variable cost. 7. Determine the total fixed cost. 8. Determine the total prime cost. 9. Determine the total conversion cost.
Wood for frames $ 14,500 Rent for retail store 3,900 Depreciation on office equipment 580 Assembly worker wages 2,450 CEO's salary 3,950 Glue and nails 650 Online sales commissions 1,900 Glass for frames 5,800 Depreciation on factory equipment 1,050 Factory utilities Stain for frames 600 650 Required: 1. Determine the cost of direct material. 2. Determine the cost of direct labor. 3. Determine the cost of manufacturing overhead. 4. Determine the total manufacturing cost. 5. Determine the total period cost. 6. Determine the total variable cost. 7. Determine the total fixed cost. 8. Determine the total prime cost. 9. Determine the total conversion cost.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Wood for frames
$ 14,500
Rent for retail store
3,900
Depreciation on office equipment
580
Assembly worker wages
2,450
CEO's salary
3,950
Glue and nails
650
Online sales commissions
1,900
Glass for frames
5,800
Depreciation on factory equipment 1,050
Factory utilities
Stain for frames
600
650
Required:
1. Determine the cost of direct material.
2. Determine the cost of direct labor.
3. Determine the cost of manufacturing overhead.
4. Determine the total manufacturing cost.
5. Determine the total period cost.
6. Determine the total variable cost.
7. Determine the total fixed cost.
8. Determine the total prime cost.
9. Determine the total conversion cost.
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