Melinda's Custom Homes, a construction company that builds custom-designed houses, incurred costs for the following items. Wages paid to construction crew $104,000 Wood $166,000 Production
Melinda's Custom Homes, a construction company that builds custom-designed houses, incurred costs for the following items. Wages paid to construction crew $104,000 Wood $166,000 Production supervisor's salary 5 69,000 Billboard advertising the company $ 9,300 Rent on office space $ 12,600 Depreciation on tools used at construction sites $ 31,500 Sheet rock $ 88,000 Machine purchased to cut a special kind of tile requested by one customercannot be reused $ 9,300 Gas for the company truck, used to haul supplies to construction sites $ 3,400 Paint 5 9,400 Fees paid to electrical contractor, who charges a set amount per house $ 12,600 Depreciation on the company truck, used to haul supplies to construction sites (straightline) 5 15,000 Insurance premiums 5 13,800 President's salary $108,000 Bricks 5 99,000 Calculate each ofthe following, where the cost object is the houses built by the company: a. Total variable costs; Total Variable Cost - b. Total fixed costs. b. Total fixed costs. Total Fixed Cost c. Total direct costs. Total Direct Cost
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance