# Excel-15 - Exercise 15 5 Manufacturing Costs 1 and 2 Direct...

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Exercise 15 - 5 Manufacturing Costs 1. and 2. Direct Materials: Oak wood \$50,000 Furniture parts (wheels, locks, etc.) 5,500 Total \$55,500 Direct labor: Payroll - production line employees' wages \$45,500 Total 45,500 Manufacturing overhead: Miscellaneous supplies (glue, saw blades, varnish, etc.) \$10,000 Payroll - plant manager's salary 25,000 Building depreciation (0.75 * \$28,000) 21,000 Maintenance - plant and equipment 5,000 Utilities (0.75 * \$16,000) 12,000 Total 73,000 Period costs: Payroll - administrative salaries \$100,000 Building depreciation (0.25 * \$28,000) 7,000 Utilities (0.25 * \$16,000) 4,000 Income taxes 8,500 Total 119,500 Total costs for the year \$293,500

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Exercise 15 - 11 C-V-P Analysis 1. \$12,000,000 fixed costs / ( \$80 ticket price - \$1 ticket production cost) = 151,899 tickets (rounded up) 2. \$80,000,000 fixed costs / ( \$80 ticket price - \$1 ticket production cost) = 1,012,659 tickets (rounded up)
Exercise 15 - 15 Product Costing and C-V-P Analysis 1. 2 hours * \$120 =

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## This note was uploaded on 06/20/2011 for the course ECON 123 taught by Professor Mrews during the Spring '11 term at Korea Advanced Institute of Science and Technology.

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Excel-15 - Exercise 15 5 Manufacturing Costs 1 and 2 Direct...

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