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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 ago
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