Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie’s product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: Factory rent $ 3,130 Company advertising 1,100 Wages paid to assembly workers 31,700 Depreciation for salespersons’ vehicles 2,150 Screws 570 Utilities for factory 885 Assembly supervisor’s salary 3,620 Sandpaper 180 President’s salary 5,110 Plastic tubing 4,160 Paint 270 Sales commissions 1,370 Factory insurance 1,070 Depreciation on cutting machines 2,130 Wages paid to painters 8,300 2. 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 PRoduction Cost
a.
Direct material = Sandpaper + Plastic tubing + Paint
= 180+4,160+270
= $4,610
b.
Direct labor = Wages paid to assembly workers + Wages paid to painters
= 31,700+8,300
= $40,000
c.
Manufacturing Overhead = Factory rent + Screws + Utilities for factory + Assembly supervisor’s salary + Factory insurance + Depreciation on cutting machines
= 3,130+570+885+3,620+1,070+2,130
= $11,405
d.
Prime cost = Direct material + Direct labor
= 4,610+40,000
= 44,610
e.
Conversion cost = Direct labor + Manufacturing overhead
= 40,000+11,405
= $51,405
f.
Total production cost = Direct material + Direct labor + Manufacturing overhead
= 4,610+40,000+11,405
= $56,015
Kindly comment if you need further assistance. Thanks‼!
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn...
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie’s product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: Factory rent $ 3,100 Company advertising 1,180 Wages paid to assembly workers 30,500 Depreciation for salespersons’ vehicles 2,180 Screws 585 Utilities for factory 810 Assembly supervisor’s salary 3,630 Sandpaper...
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie’s product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: Factory rent $ 3,070 Company advertising 1,110 Wages paid to assembly workers 31,600 Depreciation for salespersons’ vehicles 2,020 Screws 585 Utilities for factory 840 Assembly supervisor’s salary 3,570 Sandpaper...
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie’s product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: Factory rent $ 3,070 Company advertising 1,110 Wages paid to assembly workers 31,600 Depreciation for salespersons’ vehicles 2,020 Screws 585 Utilities for factory 840 Assembly supervisor’s salary 3,570 Sandpaper...
Answer this question fully: Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie’s product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: Factory rent $ 3,200 Company advertising 1,000 Wages paid to assembly workers 30,000 Depreciation for salespersons’ vehicles 2,000 Screws 500 Utilities for factory 900 Assembly...
Answer this question fully: Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie’s product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: Factory rent $ 3,200 Company advertising 1,000 Wages paid to assembly workers 30,000 Depreciation for salespersons’ vehicles 2,000 Screws 500 Utilities for factory 900 Assembly...
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow Factory 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...
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Asserribly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory...
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie’s product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two...
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow: $ 3,110 1,100 31,900 2,130 525 825 Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's...
Your friend, Suzie Whitson, has designed a new type of outdoor toy that helps children learn basic concepts such as colors, numbers, and shapes. Suzie's product will target two groups: day care centers in warm climates and home school programs. Her company is Jiffy Jet and costs for last month follow Factory 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...