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Top Shelf Company builds oak bookcases. Assume that you have the following information about Top Shelfs costs for the most recent month: Depreciation on factory
Top Shelf Company builds oak bookcases. Assume that you have the following information about Top Shelfs costs for the most recent month:
Depreciation on factory equipment | $ | 1,800 |
Depreciation on delivery trucks | 800 | |
Wood used to build bookcases | 1,500 | |
Production supervisors salary | 2,800 | |
Glue and screws used in the bookcases | 250 | |
Wages of persons who assemble the bookcases | 2,500 | |
Cost to run an ad on local radio stations | 600 | |
Rent for the factory | 3,500 | |
CEOs salary | 3,000 | |
Wages of person who sands the wood after it is cut | 1,600 | |
Required: |
Determine each of the following costs for Top Shelf. |
1. Direct materials used:
2. Direct Labor:
3. Manufacturing Overhead:
4. Prime Cost:
5. Conversion Cost:
6. Total Manufacturing Cost:
7. Total Nonmanufacturing (period) Cost:
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