The following information applies to the questions displayed below.) Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $516 each Costs 1. Plastic for casing-$19.000 2. Wages of assembly workers-590,000 3. Property taxes on factory-$7,000 4. Accounting staff salaries--$33,000 5. Drum stands (1.000 stands purchased)-$35,000 6. Rent cost of equipment for sales staff-$36.000 7. Upper management salaries-$170,000 8. Annual flat fee for factory maintenance service-$16,000 9. Sales commissions-$25 per unit 10. Machinery depreciation, straight-line-$42.000 9/16/2020 Assignment Print View 9. Award: 6 out of 6.00 points 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.) 1. 2. Cost by Behavior Variable Fixed S 19,000 90,000 $ 7,000 33,000 35,000 36,000 170,000 16,000 25,000 42,000 Costs Plastic for casing Wages of assembly workers Property taxes on factory Accounting staff salaries Drum stands Rent cost of equipment for sales staff Upper management salaries Annual flat fee for factory maintenance service Sales commissions Machinery depreciation, straight-line Cost by Function Product Period s 19,000 90,000 7,000 33,000 35,000 36,000 170,000 5. 6. 7. 8. 16,000 9. 25,000 10. 42,000 The following information applies to the questions displayed below.] Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $516 each. Costs 1. Plastic for casing-$19,000 2. Wages of assembly workers--$90,000 3. Property taxes on factory-$7,000 4. Accounting staff salaries-$33,000 5. Drum stands (1,000 stands purchased)-$35,000 6. Rent cost of equipment for sales staff-$36,000 7. Upper management salaries-$170,000 8. Annual flat fee for factory maintenance service-$16,000 9. Sales commissions--$25 per unit 10. Machinery depreciation, straight-line-$42,000 9/18/2020 Assignment Print View 10. Award: 6 out of 6.00 points 2. Compute the manufacturing cost per drum set. TrueBeat Calculation of Manufacturing Cost per Drum Set Item Total cost Per unit cost $ Variable production costs Plastic for casing Wages of assembly workers Drum stands 19 19,000 $ 90,000 35.000 90 35 144,000 144 Total variable production costs Fixed production costs Property taxes on factory Annual fee for factory maintenance service Machinery depreciation 7 7.000 16,000 42.000 16 42 65 Total fixed production costs Total production cost 65,000 $ 209,000 $ 209 1) Summarize the information for TrueBeat from Q9 & 10 of HW1.1 assuming they produce and sell 1,000 drum sets during the year. Remember to use 2 decimals for "per unit" values. Total Dollars True Beat - Summarized connect given data Average Cost per Unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $ Fixed selling & administrative expense $ Variable selling & administrative expense Sales price per unit
