BRIEF EXERCISE 7

BRIEF EXERCISE 7 - BRIEF EXERCISE 7-1 Product Cost...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
BRIEF EXERCISE 7-1 Product Cost Period Cost Commission fees for salepersons X Glue for wooden chairs—variable X Fabric for T-shirts X Labor costs for producing TVs X Factory rent expense—fixed X Factory utility costs—variable X Car mileage costs for salespersons X Administrative expenses—fixed X Administrative Internet connection fees X Wages—assembly line X BRIEF EXERCISE 7-2 Product Cost Period Cost Commission fees for salepersons X Glue for wooden chairs—variable X Fabric for T-shirts X Labor costs for producing TVs X Factory rent expense—fixed X Factory utility costs—variable X Car mileage costs for salespersons X Administrative expenses—fixed X Administrative Internet connection fees X Wages—assembly line X BRIEF EXERCISE 7-3 Variable Costing Direct materials $14,490 Direct labor 25,530 Variable manufacturing overhead 32,420 Total product costs $72,440
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
BRIEF EXERCISE 7-4 Absorption Costing Direct materials $14,490 Direct labor 25,530 Variable manufacturing overhead 32,420 Fixed manufacturing overhead 10,000 Total product costs $82,440 BRIEF EXERCISE 7-5 (a) Absorption Costing ....... Direct materials $20 Direct labor 12 Variable manufacturing overhead 15 Fixed manufacturing overhead ($120,000 ÷ 12,000) 10 Total manufacturing cost per unit $57 (b) Variable Costing Direct materials $20 Direct labor
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/16/2011 for the course AC 303 taught by Professor Richardkido during the Spring '11 term at Chaminade University.

Page1 / 7

BRIEF EXERCISE 7 - BRIEF EXERCISE 7-1 Product Cost...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online