Cost Accounting

Indirect Manufacturing Expenses

The Industrial Plastics Company manufactures three different models, called L-6, L-8 and L-12. For next year, the budgeted data regarding the prime cost of the three models is as follows:

Regarding common manufacturing costs, the budget indicated the following amounts:

Using the information above, do the following:

1.Prepare a chart or table illustrating the distribution of common manufacturing costs based on raw material cost and showing, for each of the models, the cost structure, gross profit, and selling price, assuming that the gross profit on production cost for each model is: L6 20%, L8 30%, and L12 25%.

2.Create a second chart or table illustrating the distribution of common manufacturing costs on a direct labor cost basis and showing, for each of the models, the cost structure, gross profit, and selling price. assuming that the gross profit over the cost of production for each model is: L6 20%, L8 30%, and L12 25%.

3.Construct a third chart or table illustrating the distribution of common manufacturing costs on a prime cost basis and showing, for each of the models, the cost structure, gross profit, and selling price, assuming gross profit on the production cost for each model is: L6 20%, L8 30% and L12 25%.

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Indirect Manufacturing Expenses

The Industrial Plastics Company manufactures three different models, called L-6, L-8 and L-12. For next year, the budgeted data regarding the prime cost of the three models is as follows:

Regarding common manufacturing costs, the budget indicated the following amounts:

Using the information above, do the following:

1. Prepare a chart or table illustrating the distribution of common manufacturing costs based on raw material cost and showing, for each of the models, the cost structure, gross profit, and selling price, assuming that the gross profit on production cost for each model is: L6 20%, L8 30%, and L12 25%.

2. Create a second chart or table illustrating the distribution of common manufacturing costs on a direct labor cost basis and showing, for each of the models, the cost structure, gross profit, and selling price. assuming that the gross profit over the cost of production for each model is: L6 20%, L8 30%, and L12 25%.

3. Construct a third chart or table illustrating the distribution of common manufacturing costs on a prime cost basis and showing, for each of the models, the cost structure, gross profit, and selling price, assuming gross profit on the production cost for each model is: L6 20%, L8 30% and L12 25%.

Modelo L6 L8 L12 TOTALES Costo Material Directo 40,000 46,000 50,000 136,000 Costo Mano de Obra Directa 60,000 42,000 45,000 147,000 Total por Modelo 100,000 88,000 95,000 283,000 Mano de Obra Directa Bonificacin por Horas Extras Suministros de Fbrica Impuestos sobre Fbrica Seguros Contra Incendios Calefaccin y Alumbrado Depreciacion Edificio de Fbrica Depreciacion de Maquinaria Costos de Oficina de Fbrica Gas para Maquinaria TOTAL $17,000 $11,200 $11,500 $1,800 $2,300 $2,000 $13,200 $12,700 $3,200 $24,100 $99,000 Model Direct material cost Direct labor cost Total per model L6 $40,000 $60,000 $100,000 L8 $46,000 $42,000 $88,000 L12 $50,000 $45,000 $95,000 Totales $136,000 $147,000 283,000 Direct Labor Bonus for overtime Factory Supplies Factory tax Fire insurance heating and lighting factory building depreciation machinery depreciation factory office costs gas for machinery Total $17,000 $11,200 $11,500 $1,800 $2,300 $2,000 $13,200 $12,700 $3,200 24,100 $99,000 Model Direct material cost Direct labor cost Total per model L6 $40,000 $60,000 $100,000 L8 $46,000 $42,000 $88,000 L12 $50,000 $45,000 $95,000 Totales $136,000 $147,000 283,000 Direct Labor Bonus for overtime Factory Supplies Factory tax Fire insurance heating and lighting factory building depreciation machinery depreciation factory office costs gas for machinery Total $17,000 $11,200 $11,500 $1,800 $2,300 $2,000 $13,200 $12,700 $3,200 24,100 $99,000