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Kay's Bakery Inc. opened for business on December 1, 2019, as planned. During the month of December, the business purchased 200 pounds of flour, 200
Kay's Bakery Inc. opened for business on December 1, 2019, as planned. During the month of December, the business purchased 200 pounds of flour, 200 pounds of sugar, 67 dozen eggs, 20 baking soda boxes, 200 pounds of butter, 100 pounds of raisons, and four boxes of lemons, all from one supplier. Overhead is applied at $8 per cake. Kay purchased the oven using the start-up capital, and paid all salaries and wages. Her nieces worked 300 hours in total for the month. December was a very good month for the new bakery, since it baked and sold 200 cakes for cash. The average selling price was $25 per cake. All supplies were paid for in cash at the time of purchase. Required: Compute the bakery's total costs for the month of December, using Table 1. Enter the correct amounts in each box which is highlighted in yellow. DLOH Period x x x x x x x Table 2 Cost Classification Chart Fixed Variable Direct Indirect Product DM Oven x x Cash X Register Baking x x pans Business XIX License Health XL Inspections Rent XL x x Utilities X L Mobile XT Phone Flour X X X X Sugar X X x x Baking X X X X Soda Butter X X X X Raisins X X X X Eggs X X X X Lemons X X X X Accountant X Brina I X X X Alexax x Kay X X Aunt Ellen X I X X X STANDARD PER CAKE COST PER CAKE COST TOTAL COST FOR DECEMBER ITEM $100 $0.00 N/A CONVENTIONAL OVEN 0.00 0.00 0.00 600 300 REFRIGERATOR BAKING PANS 0 LICENSES 1 RENT 2 BAKING FLOUR 3 EGGS 4 SUGAR 5 BAKING SODA 6 BUTTER 7 GOLDEN RAISINS 8 LEMONS 9 CASH REGISTER/SOFTWARE S6,000 TO BE DEPRECIATED OVER 5 YEARS, STRAIGHT LINE WITH NO SALVAGE VALUE INCLUDED IN RENT, SO NO COST PAID FOR BY KAY'S FATHER, SO NO COST PAID FOR BY KAY'S FATHER, SONO COST SODO PER MONTH S24 PER 8 LB. BAG $2 PER DOZEN $15 PER 25 LB. BAG $6 PER 14 LB. BOX 56 50 PER 4 LB, BOX S8 PER 2 LB. BOX $30 FOR 4 BOXES $1,500 TO BE EVENLY EXPENSED N/A N/A N/A N/A 5 POUND 2 EGGS .5 POUND . 1 BOX .5 POUND 25 POUND -2 BOX 1.50 0.33 0.30 0.04 0.81 1.00 1.50 300 N/A 0.00 N/A N/A N/A 21 UTILITIES 22 MOBILE PHONE - BUSINESS 3 SALARY KAY 24 WAGES - BRINA & ALEXA 5 SALARY - AUNT ELLEN 26 SALARY - ACCOUNTANT 27 ESTIMATED VARIABLE OH $185 PER MONTH $75 PER MONTH $500 PER MONTH $8 PER HOUR $250 PER MONTH $200 PER MONTH S8 PER CAKE 5 HOUR PER CAKE; + 200 TOTAL HOURS ADMIN 0.00 0.00 0.00 5.00 0.00 0.00 500 1000 NA 250 N/A N/A 29 TOTALS $4,006 32 NOTES: FOR THE CAKE COSTS IN THE TOTAL COST FOR DECEMBER COLUMN, YOU NEED TO TAKE THE COST PER CAKE X 200 CAKES: EXCEPT FOR GIRLS' WAGES 34 ROUND ALL AMOUNTS IN THE LAST COLUMN TO THE NEAREST DOLLAR
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