Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well...
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Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohnos monthly manufacturing cost and other expense data are as follows.
Rent on factory equipment
$12,100
Insurance on factory building
2,540
Raw materials (plastics, polystyrene, etc.)
77,700
Utility costs for factory
970
Supplies for general office
380
Wages for assembly line workers
66,400
Depreciation on office equipment
870
Miscellaneous materials (glue, thread, etc.)
1,480
Factory managers salary
6,500
Property taxes on factory building
410
Advertising for helmets
14,700
Sales commissions
10,420
Depreciation on factory building
1,690
Prepare an answer sheet with the following column headings. Enter each cost item on your answer sheet, placing the dollar amount under the appropriate headings. Total the dollar amounts in each of the columns. Product Costs Direct Materials Direct Labor Manufacturing Overhead Period Costs Cost Item Rent on factory equipment Insurance on factory building Raw materials Utility costs for factory Supplies for general office Wages for assembly line workers Depreciation on office equipment Miscellaneous materials Factory manager's salary Property taxes on factory building Advertising for helmets Sales commissions Depreciation on factory building LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Compute the cost to produce one helmet. (Round answer to 2 decimal places, e.g. 15.25.) Production cost per helmet
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