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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 Costs ?
5. Conversion costs ?
6. Total Manufacturing Costs ?
7. Total Manufacturing (period) costs?
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