Business, 17.06.2021 18:50 ashtyndowdle

Cartwell Inc. makes picture frames which are sold in a local retail store and through various websites. $ 19,500 4,900 WOod for frames Rent for retail store Depreciation on office equipment Assembly worker wages CEO's salary Glue and nails 780 2,950 4,450 1,150 2,400 7,800 1,550 Online sales commissions Glass for frames Depreciation on factory equipment Factory utilities Stain for frames 850 900 Required:
1. Determine the cost of direct material
2. Determine the cost of direct labor
3. Determine the cost of manufacturing overhead.
4. Determine the total manufacturing cost
5. Determine the total period cost.
6. Determine the total variable cost.
7. Determine the total fixed cost.
8. Determine the total prime cost.
9. Determine the total conversion cost

Answers: 2

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Answer from: neariah24

Cartwell Inc.

1. Cost of direct material = $27,300

2. Cost of direct labor = $2,950

3. Cost of manufacturing overhead = $4,450

4. Total manufacturing cost = $34,700

5. Total period costs = $12,530

6. Total variable cost = $34,700

7. Total fixed cost = $12,530

8. Total prime cost = $30,250

9. Total conversion cost = $7,400

Explanation:

a) Data and Calculations:

Wood for frames $ 19,500

Rent for retail store 4,900

Depreciation on office equipment 780

Assembly worker wages 2,950

CEO's salary 4,450

Glue and nails 1,150

Online sales commissions 2,400

Glass for frames 7,800

Depreciation on factory equipment 1,550

Factory utilities 850

Stain for frames 900

1. Cost of direct materials:

Wood for frames $ 19,500

Glass for frames 7,800

Cost of direct materials = $27,300

2. Cost of direct labor:

Assembly worker wages $2,950

3. Cost of manufacturing overhead:

Glue and nails $1,150

Depreciation on factory equipment 1,550

Factory utilities 850

Stain for frames 900

Cost of manufacturing overhead = $4,450

4. Total manufacturing cost:

Cost of direct materials = $27,300

Cost of direct labor = 2,950

Manufacturing overhead = 4,450

Total manufacturing cost = $34,700

5. Total period costs:

Rent for retail store 4,900

Depreciation on office equipment 780

CEO's salary 4,450

Online sales commissions 2,400

Total period costs = $12,530

6. Total variable cost:

Wood for frames $ 19,500

Assembly worker wages 2,950

Glue and nails 1,150

Online sales commissions 2,400

Glass for frames 7,800

Stain for frames 900

Total variable cost = $34,700

7. Total fixed cost:

Rent for retail store 4,900

Depreciation on office equipment 780

CEO's salary 4,450

Depreciation on factory equipment 1,550

Factory utilities 850

Total fixed cost = $12,530

8. Total prime cost:

Cost of direct materials = $27,300

Cost of direct labor = 2,950

Total prime cost = $30,250

9. Total conversion cost:

Cost of direct labor = 2,950

Manufacturing overhead = 4,450

Total conversion cost = $7,400

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Answer from: Quest

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Cartwell Inc. makes picture frames which are sold in a local retail store and through various websit...

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