Question
MapleTown Co., manufactures clamps used in the overhead bin latches of several Bobble airplane models. Jimmy Bacon, president of MapleTown Co., has gathered and provided
MapleTown Co., manufactures clamps used in the overhead bin latches of several Bobble
airplane models. Jimmy Bacon, president of MapleTown Co., has gathered and provided you
the following cost information from the companys accounting records for the latest month of
operations:
Advertising:$25,000
Fire insurance premium for the factory building:$6,250
Sales office utilities:$2,500
Air filters for the buffing machines used to produce the clamps:$1,875
Aluminum used to produce the clamps:$37,500
Rent on the factory building:$10,000
Freight to ship the clamps to customer:$3,125
Sales department executives salaries:$42,500
Production supervisors salaries:$22,500
Assembly line workers wages:$60,000
Jimmy Bacon needs the following calculations:
a)
Calculate the total period costs for the month.
b)
Calculate the total product costs for the month.
c)
Calculate the amount of manufacturing overhead incurred for the month.
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