If direct tracing or allocation is selected choose no potential driver from the

If direct tracing or allocation is selected choose no

This preview shows page 17 - 24 out of 24 pages.

driver that could be used for the tracing. If direct tracing or allocation is selected, choose "no potential driver" from the 2ndcolumn dropdown box.a.Depreciation on electric saws, sanders, and drills used toproduce the cabinetsb.Power to heat and cool the plant in which the cell is locatedc.Salary of cell supervisor
Image of page 17
d. Wood used to produce the cabinet housings e. Maintenance for the cell's equipment (provided by the maintenance department) f. Labor used to cut the wood and to assemble the cabinets g. Replacement sanding belts h. Cost of janitorial services for the plant i. Ordering costs for materials used in production j. The salary of the industrial engineer (she spends about 20 percent of her time on work for the cell) k. Cost of maintaining plant and grounds l. Cost of plant's personnel office m . Depreciation on the plant n. Plant receptionist's salary and benefits 8.Exercise2.13Cost DefinitionsWyandotte Company provided the following information for the last calendar year:
Image of page 18
During the year, direct materials purchases amounted to $256,900, direct labor cost was $176,000, and overhead cost was$308,400. There were 40,000 units produced.Required: 1. Calculate the total cost of direct materials used in production.$ 2. Calculate the cost of goods manufactured.$ Calculate the unit manufacturing cost. If required, round your answer to the nearest cent. 3. Of the unit manufacturing cost calculated in Requirement 2, $6.62 is direct materials and $7.71 is overhead. If required,round your answers to the nearest cent.What is the prime cost per unit?
Image of page 19
What is the conversion cost per unit? 9.Problem2.28Cost Assignment MethodsBrody Company makes industrial cleaning solvents. Various chemicals, detergent, and water are mixed together and thenbottled in 10-gallon drums. Brody provided the following information for last year:
Image of page 20
Last year, Brody completed 100,000 units. Sales revenue equaled $1,200,000, and Brody paid a sales commission of 5 percent ofsales.Required:Calculate the direct materials used in production for last year.$ 2. Calculate total prime cost.
Image of page 21
$ 3. Calculate total conversion cost.
Image of page 22
4.Prepare a cost of goods manufactured statement for last year.
Image of page 23
Image of page 24

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture