Question
In: Accounting
Mariposa Manufacturing builds custom wooden cabinets. Mariposa Manufacturing has reported the following costs for the previous...
Mariposa Manufacturing builds custom wooden cabinets. Mariposa Manufacturing has reported the following costs for the previous year. Assume no production inventories.
| Advertising | $ | 35,400 |
| Cost of hardware (slides, handles, etc) | $ | 34,300 |
| Cost of wood | $ | 116,800 |
| Depreciation on production equipment | $ | 32,000 |
| Factory property taxes | $ | 18,200 |
| Factory rent | $ | 39,300 |
| Glue | $ | 3,770 |
| Production supervisor salary | $ | 40,900 |
| Sales manager salary | $ | 40,100 |
| Utilities for factory | $ | 23,900 |
| Wages for maintenance workers | $ | 32,000 |
| Wages of assembly workers | $ | 92,100 |
| Wages of finishing workers | $ | 77,100 |
a. Compute the direct material costs.
b. Compute the direct labor cost.
c. Compute the manufacturing overhead.
d. Compute the total manufacturing cost.
e. Compute the prime cost.
f. Compute the conversion cost.
g. Compute the total period cost.
Solutions
Expert Solution
Answer:
| a) | Direct material cost | 151100 | |||||
| cost of hardware | (slides,handles ,etc) | 34300 | |||||
| cost of wood | 116800 | ||||||
| 151100 | |||||||
| b) | Direct labor cost | 169200 | |||||
| wages of assembly workers | 92100 | ||||||
| Wages of finishing workers | 77100 | ||||||
| 169200 | |||||||
| c) | Manufacturing overhead | 190070 | |||||
| Depreciation on production equipment | 32000 | ||||||
| Factory property taxes | 18200 | ||||||
| Factory rent | 39300 | ||||||
| Glue | 3770 | ||||||
| production supervisory salary | 40900 | ||||||
| utilities for factory | 23900 | ||||||
| Wages for maintenance workers | 32000 | ||||||
| manufacturing overhead | 190070 | ||||||
| d) | total manufacturing cost | 510370 | |||||
| (DM+DL+MOH) | |||||||
| e) | Prime cost | 320300 | |||||
| (DM+DL) | |||||||
| f) | Conversion cost | 359270 | |||||
| (DL+MOH) | |||||||
| g) | Total period cost | 75500 | |||||
| Advertising | 35400 | ||||||
| Sales manager salary | 40100 | ||||||
| 75500 | |||||||
ekkarill92 answered 1 year agoRelated Solutions
Quail Company builds snowboards. Quail Company has reported the following costs for the previous year. Assume...
Quail Company builds snowboards. Quail Company has reported the
following costs for the previous year. Assume no production
inventories.
Cost of fiberglass (raw
material)
$
94,000
Factory rent
$
49,000
Advertising
$
135,000
Utilities for factory
$
26,000
Wages of assembly workers
$
88,000
Production supervisor
salary
$
50,000
Sales manager salary
$
34,000
Factory property taxes
$
29,000
Depreciation on production
equipment
$
28,000
Cost of bindings (raw
material)
$
23,000
Screws
$
2,500
Wages of snowboard painters
$...
Liz Ortega builds custom cabinets. The process usually begins with a preliminary visit to a potential...
Liz Ortega builds
custom cabinets. The process usually begins with a preliminary
visit to a potential customer location to take measurements and
prepare a bid. Measurements and bidding are done by a salesperson.
Many times, this preliminary visit does not result in an order.
Once an order is received, there are a number of order-specific
"shop setup" processes (calibrating saws, lathes, sanders, etc.).
The "shop setup" process is the same no matter how many individual
cabinets are produced for each...
Wixis Cabinets makes custom wooden cabinets for high-end stereo systems from specialty woods. The company uses...
Wixis Cabinets makes custom wooden cabinets for high-end stereo
systems from specialty woods. The company uses a job-order costing
system. The capacity of the plant is determined by the capacity of
its constraint, which is time on the automated bandsaw that makes
finely beveled cuts in wood according to the preprogrammed
specifications of each cabinet. The bandsaw can operate up to 180
hours per month. The estimated total manufacturing overhead cost at
capacity is $14,760 per month. The company bases...
Wixis Cabinets makes custom wooden cabinets for high-end stereo systems from specialty woods. The company uses...
Wixis Cabinets makes custom wooden cabinets for high-end stereo
systems from specialty woods. The company uses a job-order costing
system. The capacity of the plant is determined by the capacity of
its constraint, which is time on the automated bandsaw that makes
finely beveled cuts in wood according to the preprogrammed
specifications of each cabinet. The bandsaw can operate up to 188
hours per month. The estimated total manufacturing overhead cost at
capacity is $15,228 per month. The company bases...
Wixis Cabinets makes custom wooden cabinets for high-end stereo systems from specialty woods. The company uses...
Wixis Cabinets makes custom wooden cabinets for high-end stereo
systems from specialty woods. The company uses a job-order costing
system. The capacity of the plant is determined by the capacity of
its constraint, which is time on the automated bandsaw that makes
finely beveled cuts in wood according to the preprogrammed
specifications of each cabinet. The bandsaw can operate up to 187
hours per month. The estimated total manufacturing overhead cost at
capacity is $15,708 per month. The company bases...
T&J manufacturing has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials...
T&J manufacturing has a factory that produces custom kitchen
cabinets. It has multiple product lines. Materials and labor for
the cabinets are determined by each job. To simplify the
assignment, we will assume the following average costs. The
materials include $1,000 for the wood and other direct materials of
$200. Both items listed are on a per job basis. It requires 20
hours of labor on average for a custom kitchen. The hourly rate is
$10. The sales price will...
T&J manufacturing has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials...
T&J manufacturing has a factory that produces custom kitchen
cabinets. It has multiple product lines. Materials and labor for
the cabinets are determined by each job. To simplify the
assignment, we will assume the following average costs. The
materials include $1,000 for the wood and other direct materials of
$200. Both items listed are on a per job basis. It requires 20
hours of labor on average for a custom kitchen. The hourly rate is
$10. The sales price will...
T&J manufacturing has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials...
T&J manufacturing has a factory that produces custom kitchen
cabinets. It has multiple product lines. Materials and labor for
the cabinets are determined by each job. To simplify the
assignment, we will assume the following average costs. The
materials include $1,000 for the wood and other direct materials of
$200. Both items listed are on a per job basis. It requires 20
hours of labor on average for a custom kitchen. The hourly rate is
$10. The sales price will...
T&J manufacturing has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials...
T&J manufacturing has a factory that produces custom kitchen
cabinets. It has multiple product lines. Materials and labor for
the cabinets are determined by each job. To simplify the
assignment, we will assume the following average costs. The
materials include $1,000 for the wood and other direct materials of
$200. Both items listed are on a per job basis. It requires 20
hours of labor on average for a custom kitchen. The hourly rate is
$10. The sales price will...
T&J manufacturing has a factory that produces custom kitchen cabinets. It has multiple product lines. Materials...
T&J manufacturing has a factory that produces custom kitchen
cabinets. It has multiple product lines. Materials and labor for
the cabinets are determined by each job. To simplify the
assignment, we will assume the following average costs. The
materials include $1,000 for the wood and other direct materials of
$200. Both items listed are on a per job basis. It requires 20
hours of labor on average for a custom kitchen. The hourly rate is
$10. The sales price will...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Rotating bits in C This rotates bits to the left which means the bits that were...
- Implement a method that meets the following requirements: (a) Takes as parameter 1) an int array...
- Write a function that takes a binary search tree as input and produces a linked list...
- XYZ Company is considering purchasing a piece of equipment costing $400,000. It has a useful life...
- Reflection of the short film "How Wolves Change Rivers" and Aldo Leopold's "Thinking Like A Mountain".
- What kind of rebar would be most cost effective for foundation? Would it be to design...
- Why would UnderArmour want to be sure that consumers can clearly see different models ( about...
ADVERTISEMENT