1. How much is the total costs of Direct materials? 

2. How much is the total direct labor costs?

3. How much is the total factory overhead costs ( indirect material + Indirect labor + indirect other expenses)?

4. How much is the total amount of prime costs?

5. How much is the total conversion costs?

6. How much is the total manufacturing costs?

7. How much is the cost of goods manufactured?

8. How much is the total amount of sales revenues?

9. How much is the cost of goods sold?

10. How much is the gross profit or gross margin?

The following information is obtained from the records of ABC company which manufactures tables that consist of wood and metal parts: Relevant range 5,000 Units Actual production Units 5,000 5,000 Actual sales Units Selling price $40/ Unit Materials Used: Wood Metal Paint $15,000 $10,000 $ 5,000 $ 50 $ 150 $ 500 Glue Screws Wrapping paper used by selling department Stationary: Factory Selling department Administrative departments $ $ $ 100 50 500 $ 31,350 Labor cost: Wood and metal cutters $10,000 Tables assemblers $ 7,500 Sanders $ 5,000 Factory supervisors $ 7.000 $20,000 $15,000 $ 64,500 Sales Commission Salaries of administrative officers Other expenses: Depreciation (SLM): Factory Machines and equipment Sales equipment Administrative equipment Rent: Factory Marketing department Administrative offices $ 5,000 $ 2,000 $ 1,000 o $ 2,000 $ 1,000 $ 2,000 Utilities: Factory $ 1,000 Marketing department $ 500 |Administrative departments $ 1,500 Total Additional information: There is no beginning or ending inventory of work in process (WIP). $ 16,000 $111,850