4 Product costs LO3 Triple Sisters is a new company that manufactures scented candles. In its first month of operation, it began and completed 4500 candles. The following production information has been provided: Direct material cost per unit $1.50 Indirect labour costs per unit 1.00 Indirect material costs per unit 0.50 Marketing expenses 750 17.00 1700 3500 0.25 hours Cost per direct labour hour Factory rent Administrative expenses Direct labour per unit REQUIRED a Calculate the cost of direct labour for one candle. b Calculate the total overhead costs for the first month of C production. Calculate the total manufacturing costs for the first month of production. 5 Types of manufacturing costs L03 The following costs are manufacturing costs for a smartphone producer: a Wages of employees who conduct quality testing b Purchase of cost of touchscreens fitted to the manufactured smartphones c Wages paid to maintenance workers d Property taxes paid for the manufacturing facility e Salaries paid to HR staff who provide support for manufacturing employees f Wages paid to assembly-line employees g Small screws and glue. REQUIRED Indicate whether each of the above costs is direct material (DM), direct labour (DL), indirect material (IM), indirect labour (IL) or another manufacturing overhead cost (MOH). 6 Cost flows: raw materials used LO4 At the beginning of the month, Oz Manufacturing had the following information available for the month of July: Beginning Ending Raw materials inventory $90 000 $32 000 Work in process inventory 62 000 40 000 Finished goods inventory 18.000 2000 During the month of July, the company purchased $330 000 of raw materials. REQUIRED How much raw material was used in July