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Memos Individual Throw in numbers Cupcake Company - Process Costing - (10 pts.) for supporting info. My T Tasty, Inc produces gourmet cupcakes. There are four types of cupcakes that the company produces at its centralized plant to transport to and sell in its four retail bakeries. Even though its product is "high-end", the company uses process costing to cost and price its products. The ingredients in My T Tasty's cupcakes are: flour, sugar, eggs: baking powder; salt; butter; milk and vanilla. And the ingredients for the icing are powdered sugar; butter, milk and vanilla. Since all of the cupcakes and icing use the same basic ingredients, with a small amount of specialized flavorings/decorations to make the cupcakes seem gourmet/unique, it is easier for the company to use process costing than job order costing. After the cupcakes are decorated, the company transports them to the retail stores. Questions 1. Give at least 3 direct materials are used in the production of cupcakes? 2. Give at least 2 direct labor costs that are likely to be incurred in the production of cupcakes? 3. Give at least 4 examples of factory overhead costs that are likely to be incurred by My T Tasty in the production of its cupcakes at the production plant (make sure to consider materials, labor and overhead). 4. From the production process description provided, at what point do you think most of the direct materials are added to the process when manufacturing cupcakes? 5. After the cupcakes are decorated, approximately what percentage complete will those cupcakes be with respect to direct materials

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