Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Taleda Manufacturing manufactures a variety of wooden picture frames using recycled wood from old barns. Taleda Manufacturing has reported the following costs for the
Taleda Manufacturing manufactures a variety of wooden picture frames using recycled wood from old barns. Taleda Manufacturing has reported the following costs for the previous year. Assume no production inventories. Advertising $50,000 $ 83,400 $ 120,000 Cost of hardware (hangers, decorations, etc.) Cost of wood Depreciation on factory equipment $3,000 $ 17,000 $ 44,000 Factory property taxes Factory rent Glue $ 500 Production supervisor salary $ 41,500 Sales manager salary $87,000 Utilities for factory $26,900 Wages for maintenance workers $36,400 Wages of assembly workers $86,500 Compute the following: i. Direct material costs ii. Direct labor cost ii. Manufacturing overhead iv. Total manufacturing cost v. Prime cost vi. Conversion cost vii. Total period cost
Step by Step Solution
★★★★★
3.33 Rating (150 Votes )
There are 3 Steps involved in it
Step: 1
a Direct Material Cost 83400120000 203400 b Direct labour Cost 86500 3...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started