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Complete this question by entering your answers in the tabs below. Req 1 and 2 Determine the total amount for each of the following:
Complete this question by entering your answers in the tabs below.
Req and
Determine the total amount for each of the following:
tablea Direct materials,$b Direct labor,$c Manufacturing overhead,$d Prime cost,$e Conversion cost,$f Total product cost,$g Total period cost,$h Total variable cost,$i Total fixed cost,$Your friend, Maria, has designed a new type of fire extinguisher that is very small and easy to use. It will target two groups of people: people who have trouble operating heavy, traditional extinguishers and people who need to store extinguishers in small spaces such as a vehicle. Assume that Maria has decided to begin production of her fire extinguisher. Her company is Blaze Be Gone, whose costs for last month follow.
Factory rent $
Company advertising
Wages paid to assembly workers
Depreciation for salespersons vehicles
Screws
Utilities for factory
Production supervisors salary
Sandpaper
Presidents salary
Sheet metal
Paint
Sales commissions
Factory insurance
Depreciation on factory machinery
Wages paid to painters
Required:
& Identify each of the preceding costs as either a product or a period cost. If the cost is a product cost, decide whether it is for direct materials DM direct labor DL or manufacturing overhead MOH and also identify each of the preceding costs as variable or fixed cost. Assumes that screws, sandpaper, and paint are not worth the effort to trace to specific units.
Determine the total amount for each of the following:
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