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Randy Inc. produces and sells tablets. The company incurred the following costs for the May: Advertising cost for monthly television ads $ 4,200 Attachable keyboard
Randy Inc. produces and sells tablets. The company incurred the following costs for the May:
| Advertising cost for monthly television ads | $ | 4,200 |
| Attachable keyboard | 18,200 | |
| Insurance for delivery truck | 420 | |
| Factory supervisor's salary | 3,150 | |
| Marketing manager's salary | 2,850 | |
| Assembly worker wages | 16,000 | |
| Miscellaneous soldering material used to seal case | 650 | |
| Hourly wages for factory security guard | 1,800 | |
| CEO's salary | 6,600 | |
| Speakers | 4,800 | |
Required:
Determine each of the following:
| 1. | Direct Material | |
| 2. | Direct labor | |
| 3. | Manufacturing overhead | |
| 4. | Total manufacturing cost | |
| 5. | Total period cost | |
| 6. | Total variable cost | |
| 7. | Total fixed cost |
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ANSWER 1Direct material 23000 2Direct labor 16000 3Manufacturing overhead 5600 4Total manufacturing cost 44600 5Total period cost 14070 6Total variable cost 41450 7Total fixed 17220 Explanation 1 Direct material 18200 4800 23000 2 Direct labor 16000 3 ...
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Managing the Law The Legal Aspects of Doing Business
Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer
4th edition
133151565, 978-0132164429
