Business, 04.04.2020 10:58 ComicSans10

Randy Inc. produces and sells tablets. The company incurred the following costs for the May: Advertising cost for monthly television ads $ 5,400 Attachable keyboard 19,400 Insurance for delivery truck 540 Factory supervisor's salary 3,450 Marketing manager's salary 3,150 Assembly worker wages 22,000 Miscellaneous soldering material used to seal case 950 Hourly wages for factory security guard 2,100 CEO's salary 7,200 Speakers 5,100 Required: Determine each of the following:

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Answer from: jrfranckowiak

Required:

Determine each of the following:

1. Direct Material

2. Direct Labor

3. Manufacturing Overhead

4. Total Manufacturing Cost

5. Total Period Cost

6. Total Variable Cost

7. Total Fixed Cost

1. Direct Material = $24,500

2. Direct Labor = $22,000

3. Manufacturing Overhead = $6,500

4. Total Manufacturing Cost = $53,000

5. Total Period Cost = $16,290

6. Total Variable Cost = $44,500

7. Total Fixed Cost = $22,790

Explanation:

Advertising cost for monthly television ads $ 5,400 Attachable keyboard 19,400 Insurance for delivery truck 540 Factory supervisor's salary 3,450 Marketing manager's salary 3,150 Assembly worker wages 22,000 Miscellaneous soldering material used to seal case 950 Hourly wages for factory security guard 2,100 CEO's salary 7,200 Speakers 5,100

direct materials: attachable keyboards $19,400 + speakers $5,100 = $24,500

direct labor: assembly workers wages $22,000

manufacturing overhead: factory supervisor's salary $3,450 + miscellaneous soldering material $950 + hourly wages for security guard $2,100 = $6,500

total manufacturing cost: direct materials + direct labor + manufacturing overhead = $24,500 + $22,000 + $6,500 = $53,000

total period cost: advertising cost for monthly television ads $5,400 + insurance for delivery truck $540 + marketing manager's salary 3,150 + CEO's salary $7,200 = $16,290

total variable cost: direct materials + direct labor = $24,500 + $22,000 = $44,500

total fixed cost: manufacturing overhead + total period costs = $6,500 + $16,290 = $22,790

Answer from: gm2

Explanation:

Direct materials = Attachable keyboard + speakers = 19,400 + 5,100

= $24,500

Direct labor = Assembly worker wages = $22,000

Manufacturing overhead = Factory supervisor's salary + Miscellaneous soldering material used to seal case + Hourly wages for factory security guard

= 3,450 + 950 + 2,100 = $6,500

Total manufacturing cost = ‬Direct materials + Direct labor + Manufacturing overhead = 24,500 + 22,000 + 6,500 = $53,000

Total period cost = Advertising cost for monthly television ads + Insurance for delivery truck+ Marketing manager's salary + CEO's salary

= 5,400 + 540 + 3,150 + 7200 = $16,290

Total variable cost = Attachable keyboard + Speakers + Assembly worker wages + Miscellaneous soldering material used to seal case

= 19,400 + 5,100 + 22,000 + 950 = $47,450

Total fixed cost = Factory supervisor's salary + Hourly wages for factory security guard + Advertising cost for monthly television ads + Insurance for delivery truck + Marketing manager's salary + CEO's salary

= 3,450 + 2,100 + 5,400 + 540 + 3,150 + 7,200 = $21,840

Answer from: Quest

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Answer from: Quest

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Randy Inc. produces and sells tablets. The company incurred the following costs for the May: Adverti...

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