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Kleenerz, Inc., makes laundry baskets for house cleaners. Fabric glue and leather straps are minimal costs and so are not directly traced to each
Kleenerz, Inc., makes laundry baskets for house cleaners. Fabric glue and leather straps are minimal costs and so are not directly traced to each item of household goods produced. The company reported the following costs for 2020: Factory Rent Company Advertising Wages paid to seamstresses Depreciation on Salespersons' vehicles Leather straps Utilities for the factory Cutting room supervisor's salary $ 4,400 $ 1,600 $ 7,500 $2,500 President's salary Premium quality cotton fabric Fabric glue Factory Insurance Depreciation on sewing machines Wages paid to cutters $ 4,400 $75 $ 1,500 Required: Calculate the following for the company. Make sure to show your work. It is okay to abbreviate labels. 1) Direct Materials 2) Direct Labor 3) Manufacturing Overhead 4) Total Manufacturing Costs 5) Total Period Costs $ 600 $5,000
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