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Please answer question #1, SHOWING ALL WORK ACCORDINGLY ON ALL SECTIONS. Thank you! Cartwell Inc. makes picture frames which are sold in a local retail
Please answer question #1, SHOWING ALL WORK ACCORDINGLY ON ALL SECTIONS. Thank you!
Cartwell Inc. makes picture frames which are sold in a local retail store and through various websites. Wood for frames Rent for retail store Depreciation on office equipment Assembly worker wages CEO's salary Glue and nails Online sales commissions Glass for frames Depreciation on factory equipment Factory utilities Stain for frames $ 17,500 4,500 700 2,750 4,250 950 2,200 7,000 1,350 750 800 Required: 1. Determine the cost of direct material. 2. Determine the cost of direct labor. 3. Determine the cost of manufacturing overhead. 4. Determine the total manufacturing cost. 5. Determine the total period cost. 6. Determine the total variable cost. 7. Determine the total fixed cost. 8. Determine the total prime cost. 9. Determine the total conversion cost. $ $ 1. 2. 3. 4. $ $ 5. Direct materials cost Direct labor cost Manufacturing overhead cost Total manufacturing cost Total period cost Total variable cost Total fixed cost Total prime cost Total conversion cost $ 24,500 2,750 3,850 31,100 11,650 29,750 X 13,000 X 27,250 7,000 6. $ $ 7. 8. $ $ 9Step by Step Solution
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