Question
5. Snickerdoodle Inc. has provided the following relating to the most recent month (September 30, 2020) of operations, for their main product, cookies. Baker's salary
5. Snickerdoodle Inc. has provided the following relating to the most recent month (September 30, 2020) of operations, for their main product, cookies.
Baker's salary | 13,000 |
General & administrative expenses | 13,500 |
Indirect materials | 10,500 |
Production Supervisor, Salary | 14,000 |
Raw material purchases | 21,000 |
Rent on production factory | 12,000 |
Rent, retail store | 11,000 |
Sales | 140,000 |
Utilities on production factory | 10,500 |
Utilities, retail store | 10,500 |
Wages, retail staff | 13,000 |
Required: Calculate the following: 1. Raw materials used in production 2. Total manufacturing overhead 3. Total manufacturing costs 4. Cost of Goods Manufactured 5. Prime Costs 6. Conversion Costs
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