Question

In: Accounting

Ohno Company specializes in manufacturing a unique model ofbicycle helmet. The model is well accepted...

Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno’s monthly manufacturing cost and other expense data are as follows.

Rent on factory equipment
$11,500
Insurance on factory building
1,780
Raw materials (plastics, polystyrene, etc.)
80,800
Utility costs for factory
920
Supplies for general office
320
Wages for assembly line workers
59,700
Depreciation on office equipment
830
Miscellaneous materials (glue, thread, etc.)
1,470
Factory manager’s salary
6,200
Property taxes on factory building
420
Advertising for helmets
14,900
Sales commissions
10,900
Depreciation on factory building
1,640



Prepare an answer sheet with the following column headings.

Enter each cost item on your answer sheet, placing the dollar amount under the appropriate headings. Total the dollar amounts in each of the columns.



Product Costs




Cost Item


Direct
Materials


Direct
Labor


Manufacturing
Overhead


Period
Costs

Rent on factory equipment

$


$


$


$

Insurance on factory building




Raw materials




Utility costs for factory




Supplies for general office




Wages for assembly line workers




Depreciation on office equipment




Miscellaneous materials




Factory manager’s salary




Property taxes on factory building




Advertising for helmets




Sales commissions




Depreciation on factory building





$


$


$


$



Compute the cost to produce one helmet. (Round answer to 2 decimal places, e.g. 15.25.)

Production cost per helmet
$


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