Randy Inc. produces and sells tablets. The company incurred the following costs for the May:
Randy Inc. produces and sells tablets. The company incurred the following costs for the May:
| Advertising cost for monthly television ads | $6,000 |
|---|---|
| Attachable keyboard | 20,000 |
| Insurance for delivery truck | 600 |
| Factory supervisor's salary | 3,600 |
| Marketing manager's salary | 3,300 |
| Assembly worker wages | 25,000 |
| Miscellaneous soldering material used to seal case | 1,100 |
| Hourly wages for factory security guard | 2,250 |
| CEO 's salary | 7,500 |
| Speakers | 5,250 |
Required:
Determine each of the following:
| 1. | Direct material |
| 2. | Direct labor |
| 3. | Manufacturing overhead |
| 4. | Total manufacturing cost |
| 5. | Total period cost |
| 6. | Total variable cost |
| 7. | Total fixed cost |
Homework Answers
| 1 | Direct Material | ||
| Attachable Keyboards | $ 20000 | ||
| Speakers | $ 5250 | ||
| $ 25250 | |||
| 2 | Direct Labour | ||
| Assembly Worker Wages | $ 25000 | ||
| $ 25000 | |||
| 3 | Manufacturing Overhead | ||
| Factory Supervisor Salary | $ 3600 | ||
| Wages for Factory Security Guard | $ 2250 | ||
| $ 5850 | |||
| 4 | Total Manufacturing Cost | ||
| Attachable Keyboards | $ 20000 | ||
| Speakers | $ 5250 | ||
| Assembly Worker Wages | $ 25000 | ||
| Factory Supervisor Salary | $ 3600 | ||
| Wages for Factory Security Guard | $ 2250 | ||
| $ 56100 | |||
| 5 | Total Period Cost | ||
| Advertising Cost | $ 6000 | ||
| Insurance for Delivery Truck | $ 600 | ||
| Factory Supervisor Salary | $ 3600 | ||
| Marketing Manager's Salary | $ 3300 | ||
| CEO's Salary | $ 7500 | ||
| $ 21000 | |||
| 6 | Total variable Cost | ||
| Attachable Keyboards | $ 20000 | ||
| Assembly Worker Wages | $ 25000 | ||
| Soldering Material Used to Seal Case | $ 1100 | ||
| Wages for Factory Security Guard | $ 2250 | ||
| Speakers | $ 5250 | ||
| $ 53600 | |||
| 7 | Total Fixed Cost | ||
| Advertising Cost | $ 6000 | ||
| Insurance for Delivery Truck | $ 600 | ||
| Factory Supervisor Salary | $ 3600 | ||
| Marketing Manager's Salary | $ 3300 | ||
| CEO's Salary | $ 7500 | ||
| $ 21000 | |||
Add Answer to:
Randy Inc. produces and sells tablets. The company incurred the following costs for the May:
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