Question
Swifty, Inc., manufactures clamps used in the overhead bin latches of several leading airplane models. Donald Martin, president of Swifty, Inc., has gathered the following
Swifty, Inc., manufactures clamps used in the overhead bin latches of several leading airplane models. Donald Martin, president of Swifty, Inc., has gathered the following cost information from the companys accounting records for the latest month of operations.
| Advertising | $22,000 | ||
| Fire insurance premium for the factory building | $6,250 | ||
| Sales office utilities | $3,000 | ||
| Air filters for the buffing machines used to produce the clamps | $1,875 | ||
| Aluminum used to produce the clamps | $36,000 | ||
| Rent on the factory building | $10,500 | ||
| Freight to ship the clamps to customers | $3,125 | ||
| Sales department executives salaries | $43,000 | ||
| Production supervisors salaries | $22,500 | ||
| Assembly line workers wages | $59,000 |
(a) Calculate the total period costs for the month.
| Total period costs | $_________ |
(b) Calculate the total product costs for the month.
| Total product costs | $___________ |
(c) Calculate the amount of manufacturing overhead incurred for the month.
| Manufacturing overhead incurred | $__________ |
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A Compilation Of University Level Assignments Marketing Audit Approach
Authors: Emeka Anyaduba
1st Edition
1475098057, 978-1475098051
