Question
Problem: Cactus Cookies incurred the following costs this month to manufacture 1,000 jumbo chocolate chip cookies. Chocolate chips $750 Flour $2,200 Butter $48 Sugar $300
Problem: Cactus Cookies incurred the following costs this month to manufacture 1,000 jumbo chocolate chip cookies. Chocolate chips $750 Flour $2,200 Butter $48 Sugar $300 Other ingredients $27 Labor wages $300 Rent on manufacturing space $2500 Utilities (paid at a monthly rate) $520 Depreciation on kitchen equipment $880 Advertising $1000 Machine maintenance costs $500 President salary $2000
Calculate each of the following:
The total Direct Material costs this month
The total Direct Labor costs this month
The total Overhead costs this month
The total Manufacturing costs this month
The total Prime costs.
The total Conversion costs.
The total Period costs.
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