Business, 22.09.2020 14:01 lwilhite33105

Randy Inc. produces and sells tablets. The company incurred the following costs for the May: Advertising cost for monthly television ads $ 6,600
Attachable keyboard 20,600
Insurance for delivery truck 660
Factory supervisor's salary 3,750
Marketing manager's salary 3,450
Assembly worker wages 28,000
Miscellaneous soldering material used to seal case 1,250
Hourly wages for factory security guard 2,400
CEO's salary 7,800
Speakers 5,400
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

Answers: 3

Show answers

Answers

Answer from: alliemeade1

Please calculations below

Explanation:

1. Direct material is a material cost that can be traced to production unit ; which consist of the below.

Speakers + Attachable keyboard

5,400 + 20,600

= $26,000

2. Direct labor is a cost identified with wages paid to labourers who manufactures products. It is made up of the below.

Assembly worker wages $28,000

3. Manufacturing overhead refers to costs that are not direct in nature but are incurred for the production of goods and services.

Hourly wages for factory security guard + Factory supervisory salary

= 2,400 + 3,750

= $6,150

4. Total manufacturing cost refers to all costs incurred during production f goods and services.

Hourly wages for factory security guard + Attachable keyboards + assembly worker wages + speakers + factory supervisor salary

= 2,400 + 20,600 + 28,000 + 5,400 + 6,150

= $62,550

5 Total period cost are costs not traced or identified with the whole production flow.

Advertising cost for monthly television add + insurance for delivery truck + factory supervisor salary + marketing manager's salary + CEO's salary

= 6,600 + 660 + 3,750 + 3,450 + 7,800

= $22,260

6.Total variable cost refers to costs that vary with the level of output.

It consist of the items below.

Attachable keyboards + assembly worker wages + miscellaneous soldering material used to seal case + hourly wages for factory security guard + speakers

= 20,600 + 28,000 + 1,250 + 2,400 + 5,400

= $57,650

7.Total fixed cost refers to costs that do vary with output level. It is made up of the items below.

Advertising cost + insurance for delivery cost + factory supervisor salary + marketing manager's salary + CEO salary

= 6,600 + 660 + 3,750 + 3,450 + 7,800

=$22,260

Answer from: Quest

borrow money from the government then pay the government back 5k

Answer from: Quest

answer///supply is elastic, and demand is inelastic;

Another question on Business

Business, 22.06.2019 06:00

If you miss two payments on a credit card what is generally the penalty

Answers: 1

Answer

Business, 22.06.2019 08:30

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.

Answers: 1

Answer

Business, 22.06.2019 10:30

Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?

Answers: 2

Answer

Business, 22.06.2019 10:30

When sending a claim to an insurance company for services provided by the physician, why are both icd-10 and cpt codes required to be submitted? how are these codes dependent upon each other? what would be the result of not submitting both codes on a medical claim to an insurance company?

Answers: 2

Answer

You know the right answer?

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

Questions