Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Seved He Required information The following information applies to the questions displayed below. Listed here are the total costs associated with the 2017 production of

image text in transcribed
image text in transcribed
image text in transcribed
Seved He Required information The following information applies to the questions displayed below. Listed here are the total costs associated with the 2017 production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $470 each. Costs 1. Plastic for casing-$20,000 2. Wages of assembly vorkers-$90,000 3. Property taxes on factory-$5,000 4. Accounting staff salaries-$31,000 5. Drum stands (1,000 stands purchased)-$29,000 6. Rent cost of equipment for sales staff-$36,000 7. Upper management salaries-$145,000 8. Annual flat fee for factory maintenance service-$19,000 9. Sales commissions-$16 per unit 10. Machinery depreciation, straight-1ine-$48,000 Required 1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as an example. Cost by Behavior Cost by Function Costs Variable Fixed Product Period S 20,000 $ 20.000 1. Plastic for casing 2. Wages of assembly workers 3. Property taxes on factory 4 Accounting staff salaries 5. Drum stands 1 2 o 4 Next > 2. Wages of assenbly workers-$90,000 3. Propezty taxes on factory-$s,000 4.Accounting staff salaries-$31,000 S. Drun stands (1,000 stands purehased)-$29,000 6. Rent cost of equipnent for sales staff-$36,000 7. Upper nanagenent salaries-$145,000 8. Annual fiat fee for factory maintenance service-$19,000 9.Sales commissions-$16 per unit 10. Machinery depreciation, straight-line-$48,000 1. Classify each cost and its amount as (a) either variable or fixed and (b) either product or period. (The first cost is completed as a Cost by Behavior Cost by Function Fixed 1. Plastic for casing 2 Wages of assembly workers 3. Property taxes on factory 4. Accounting staff salaries 5. Drum stands 6 Rent cost of equipment for sales staff 7. Upper management salaries 8. Annual flat fee for factory maintenance service 9. Sales commissions 10. Machinery depreciation, straighl-line S 20.000 S 20,000 Prev K2of 4.l Next > 20 2 3 4 5 7 7. Upper management salaries-$145,000 8. Annual flat fee for factory maintenance service $19,000 9. Sales commissions $16 per unit 10. Machinery depreciation, straight-line-$48,000 2. Calculate the manufacturing cost per drum set TrueBeat Calculation of Manufacturing Cost per Drum Set For Year Ended December 31, 2017 Item Total cost Per unit cost Variable production costs ces Total variable production costs Fixed production costs Total fixed production costs Total production cost K Prev 2 of 4 acBook Air

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Sustainable Development Goals Key Principles And Tools For Supply Chain

Authors: Barden Gonzalez

1st Edition

B0BZFDM86C, 979-8388651501

More Books

Students also viewed these Accounting questions