Mariposa Manufacturing builds custom wooden cabinets. MariposaManufacturing has reported the following costs for the...
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Mariposa Manufacturing builds custom wooden cabinets. MariposaManufacturing has reported the following costs for the previousyear. Assume no production inventories.
Advertising $ 35,400 Cost of hardware (slides, handles, etc) $ 34,300 Cost of wood $ 116,800 Depreciation on production equipment $ 32,000 Factory property taxes $ 18,200 Factory rent $ 39,300 Glue $ 3,770 Production supervisor salary $ 40,900 Sales manager salary $ 40,100 Utilities for factory $ 23,900 Wages for maintenance workers $ 32,000 Wages of assembly workers $ 92,100 Wages of finishing workers $ 77,100
a. Compute the direct material costs.
b. Compute the direct labor cost.
c. Compute the manufacturing overhead.
d. Compute the total manufacturing cost.
e. Compute the prime cost.
f. Compute the conversion cost.
g. Compute the total period cost.
Mariposa Manufacturing builds custom wooden cabinets. MariposaManufacturing has reported the following costs for the previousyear. Assume no production inventories.
| Advertising | $ | 35,400 |
| Cost of hardware (slides, handles, etc) | $ | 34,300 |
| Cost of wood | $ | 116,800 |
| Depreciation on production equipment | $ | 32,000 |
| Factory property taxes | $ | 18,200 |
| Factory rent | $ | 39,300 |
| Glue | $ | 3,770 |
| Production supervisor salary | $ | 40,900 |
| Sales manager salary | $ | 40,100 |
| Utilities for factory | $ | 23,900 |
| Wages for maintenance workers | $ | 32,000 |
| Wages of assembly workers | $ | 92,100 |
| Wages of finishing workers | $ | 77,100 |
a. Compute the direct material costs.
b. Compute the direct labor cost.
c. Compute the manufacturing overhead.
d. Compute the total manufacturing cost.
e. Compute the prime cost.
f. Compute the conversion cost.
g. Compute the total period cost.
Answer & Explanation Solved by verified expert
Answer:
| a) | Direct material cost | 151100 | |||||
| cost of hardware | (slides,handles ,etc) | 34300 | |||||
| cost of wood | 116800 | ||||||
| 151100 | |||||||
| b) | Direct labor cost | 169200 | |||||
| wages of assembly workers | 92100 | ||||||
| Wages of finishing workers | 77100 | ||||||
| 169200 | |||||||
| c) | Manufacturing overhead | 190070 | |||||
| Depreciation on production equipment | 32000 | ||||||
| Factory property taxes | 18200 | ||||||
| Factory rent | 39300 | ||||||
| Glue | 3770 | ||||||
| production supervisory salary | 40900 | ||||||
| utilities for factory | 23900 | ||||||
| Wages for maintenance workers | 32000 | ||||||
| manufacturing overhead | 190070 | ||||||
| d) | total manufacturing cost | 510370 | |||||
| (DM+DL+MOH) | |||||||
| e) | Prime cost | 320300 | |||||
| (DM+DL) | |||||||
| f) | Conversion cost | 359270 | |||||
| (DL+MOH) | |||||||
| g) | Total period cost | 75500 | |||||
| Advertising | 35400 | ||||||
| Sales manager salary | 40100 | ||||||
| 75500 | |||||||
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In: AccountingMariposa Manufacturing builds custom wooden cabinets. MariposaManufacturing has reported the following costs for the previous...Mariposa Manufacturing builds custom wooden cabinets. MariposaManufacturing has reported the following costs for the previousyear. Assume no production inventories.Advertising$35,400Cost of hardware (slides, handles, etc)$34,300Cost of wood$116,800Depreciation on production equipment$32,000Factory property taxes$18,200Factory rent$39,300Glue$3,770Production supervisor salary$40,900Sales manager salary$40,100Utilities for factory$23,900Wages for maintenance workers$32,000Wages of assembly workers$92,100Wages of finishing workers$77,100a. Compute the direct material costs.b. Compute the direct labor cost.c. Compute the manufacturing overhead.d. Compute the total manufacturing cost.e. Compute the prime cost.f. Compute the conversion cost.g. Compute the total period cost.
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