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

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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

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