Question

00 1.25 points Pactory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,200 1,050 31,200 2,090 580 875 3,580 155 5,080 4,170 285 1,250 1,090 2,010 8,500 eBook Print Assume that Suzie Whitson has decided to begin production of her outdoor children's toy. References Required: 1 and 2. Identify each of the preceding costs as either a product or a period cost. If the cost is a product cost, decide whether it is for direct materials (DM), direct labor (DL), or manufacturing overhead (MOH) and also identify each of the preceding costs as variable or fixed cost. 3. Determine the total cost for each of the following: Complete this question by entering your answers in the tabs below. Reg 1 and 2 Reg 3 Determine the total cost for each of the following: $ $ $ a. Direct Materials b. Direct Labor c. Manufacturing Overhead d. Prime Cost e. Conversion Cost f. Total Product Cost g Total Period Cost h. Total Variable Cost 4,170 39.700 11,775 43.870 51,475 55,645 $ $ $ $ 9,470 i. Total Fixed Cost

Answer 1

Sol - 1&2

Factory rent	$ 3,200	Product	MOH	Fixed
Company advertising	$1,050	Period	NA	Fixed
Wages paid to assembly workers	$31,200	Product	DL	Variable
Depreciation for salespersons’ vehicles	$2,090	Period	NA	Fixed
Screws	$580	Product	MOH	Variable
Utilities for factory	$875	Product	MOH	Variable
Assembly supervisor’s salary	$3,580	Product	MOH	Fixed
Sandpaper	$155	Product	MOH	Variable
President’s salary	$5,080	Period	NA	Fixed
Plastic tubing	$4,170	Product	DM	variable
Paint	$285	Product	MOH	Variable
Sales commission	$1,250	Period	NA	Variable
Factory insurance	$1,090	Product	MOH	fixed
Depreciation on cutting machines	$2,010	Product	MOH	Fixed
Wages paid to painters	$8,500	Product	DL	Variable

Sol-3

a)	Direct Materials
	Plastic tubing			$4,170
	Direct Materials			$4,170
b)	Direct labor
	Wages paid to assembly workers	$31,200
	Wages paid to painters		$8500
	Direct labor			$39,700
c)	Manufacturing overhead
	Factory rent			$3,200
	Screws				$580
	Utilities for factory			$875
	Assembly supervisors salary		$3,580
	Sandpaper			$155
	Paint				$285
	Factory insurance			$1,090
	Depreciation on cutting machines	$2,010
	Manufacturing overhead			$11,775
d)	Prime cost (DM + DL)(4,170+39,700)			$43,870
e)	Conversion cost (DL + MOH) (39,700+11775)			$51,475
f)	Total product cost (DM + DL + MOH) (4,170+39,700+11,175)			$55,645
g)	Total period cost
	Company advertising			$1,050
	Depreciation for salespersons vechicles	$2,090
	President's salary			$5,080
	Sales commission			$1250
	Total period cost			$9,470
h)	total variable cost
	Wages paid to assembly workers	$31,200
	Screws				$580
	Utilities for factory			$870
	Sandpaper			$155
	Plastic tubing			$4,170
	Paint				285
	Sales commission			$1,250
	Wages paid to painters		$8,500
	total variable cost			47,010	Answer
i)	total fixed cost
	Company advertising			$1,050
	Factory rent	$3,200
	Depreciation for salespersons vechicles		$2,090
	Assembly supervisors salary			$3,580
	President's salary			$5,080
	Factory insurance	$1,090
	Depreciation on cutting machines			$2,010
	total fixed cost			18,100	Answer