Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Alameda Manufacturing manufactures a variety of wooden picture frames using recycled wood from old barns. Alameda Manufacturing has reported the following costs for the previous
Alameda Manufacturing manufactures a variety of wooden picture frames using recycled wood from old barns. Alameda Manufacturing has reported the following costs for the previous year. Assume no production inventories. Advertising Cost of hardware (hangers, decorations, etc) Cost of wood Depreciation on production equipment Factory property taxes Factory rent Glue Production supervisor salary Sales manager salary Utilities for factory Wages for maintenance workers Wages of assembly workers Wages of finishing workers $ 24,000 $ 43,400 $121,100 $ 32,400 $ 15,800 $ 49,700 $ 3,150 $ 40,600 $ 43,000 $ 27,900 $ 34,300 $ 87,700 $ 74,500 a. Compute the direct material costs. Direct Material Costs b. Compute the direct labor cost. Direct Labor Costs 162,200 c. Compute the manufacturing overhead. Manufacturing Overhead $ 203,850 d. Compute the total manufacturing cost. Total Manufacturing Cost e. Compute the prime cost. Prime Cost f. Compute the conversion cost. Conversion Cost S 366,050
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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