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1. Cox Manufacturing Company produces seat belts for automobile companies. During the yeu just ended, the company produced 60000 seatbelts and incurred the following costs Materials and supplies used Strapping 360 000 Metal clasps 127 500 Thread 4 500 Machine lubricants 1 500 Wages and salaries Machine operators 333 000 Production supervisors 100 500 Other factory costs Maintenance personnel 20 000 Janitorial personnel 24 000 Insurance 33 000 Administrative expenses (50% fixed) 165 000 Selling expenses (100% fixed) 148 500 (a) Compute EACH of the following: 0 Total direct materials 60 Total indirect labor (11) Total factory overhead (iv) Total product cost (1) Total period cost (vi) Total variable manufacturing cost [2 marks] [2 marks] [3 marks [2 marks] [2 marks) [2 marks] Cox Manufacturing Company recently received an order for 10 000 seatbelts from an automobile manufacturer in Anguilla Assuming that Cox Manufacturing Company has the production capacity to Till this order without affecting existing production, list the categories of costs that are relevant to the decision. [2 marks] (1) Cox Manufacturing will not accept the order if the company will be worse off financially by so doing. Calculate the minimum price that Cox Manufacturing Company can charge for the order. 13 marks

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