The Casual Furniture Company manufactures outdoor furniture and incurred the following costs during the month of January:TimberPaintGlueWages-assembly personnel$25 000$5 000$500$20 000Wages-factory supervisor$3 500Factory cleaner's wages$2.000Sales commissions$10 000Administrative staff salaries$4.000Depreciation-factory equipment$3.000Depreciation-sales office equipment $1.000Utilities, insurance-factory$6.000Utilities, insurance-sales office$2.000Advertising$8.000Total costs$90 000The product costs are:a. $90 000O b. $65.000O c. $63 000Od. $83 000

We arrived at the total product cost of 65,000 as shown in this computation and analysis of the cost…

Answered: The Casual Furniture Company…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter2: Job Order Costing

Section: Chapter Questions

Problem 14E: The following events took place for Rushmore Biking Inc. during February, the first month of...

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Burnham Industries incurs the following costs for the month: Direct materials $1,900 Direct labor 3,100 Factory depreciation expense 3,300 Factory utilities expense 750 CEO's salary 3,900 A. What is the prime cost? B. What is the conversion cost?
Jackson Furniture Company provided the following manufacturing costs for the months of June Direct labor costs $120,000 62,000 Direct materials costs Equipment depreciation (straight-line) Factory insurance Factory manager's salary Janitor's salary Packaging costs Property taxes on the factory From the above information, calculate Jackson's total fixed costs. OA. $279,700 OB. $64,100 OC. $78,900 OD. $68,400 27,000 10,500 10,000 14,800 18,800 16,600
Carmen Company reports the following costs and expenses in March.Factory utilities $ 18,600Direct labor 98,100Depreciation on factory equipment 14,445Sales salaries 46,400 Property taxes on factory building 2,500Depreciation on delivery trucks 9,600Indirect factory labor 48,900Repairs to office equipment 2,300Indirect materials 80,800 Factory repairs 2,000Direct materials used 137,600Advertising 18,000Factory manager’s salary 13,000 Office supplies used 5,370Instructions: From the information, determine the total amount of:(a) Manufacturing overhead.(b) Product costs.(c) Period costs.
Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: Depreciation on sales office $ 9,900 Depreciation on factory equipment 16,000 50,400 Factory supervisor salary Sales commissions 23,900 3,300 Lubricants used in factory equipment Insurance costs for factory 21,600 115,700 10,700 Wages paid to maintenance workers Fabric used to upholster furniture Freight-in (on raw materials) Costs of delivery to customers Wages paid to assembly-line workers Lumber used to build product 3,300 9,400 115,400 82,700 54,800 26,100 Utilities in factory Utilities in sales office Conversion costs for Custom Creations Furniture Company totaled>
Browning Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture Freight-in (on raw materials) Costs of delivery to customers Wages paid to assembly-line workers Lumber used to build product $9300 16,800 50,100 23,400 3900 21,500 115,300 10,900 3000 9700 115,600 82,100 54,500 26,700 Utilities in factory Utilities in sales office Prime costs for Browning Furniture Company totaled $93,000. $377,000. $208,600. $211,600.
Comfy Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: $11,000 $16,000 Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture Freight-in (on raw materials) Costs of delivery to customers Wages paid to assembly-line workers Lumber used to build product $52,500 $23,000 $3,000 $21,000 $115,000 A. $121,000. B. $43,000. OC. $46,500, OD. $69,500. $7,000 $2,500 $9,000 $132,500 $72,000 $44,000 $26,500 Utilities in factory Utilities in sales office Period costs for Comfy Furniture Company totaled: C***
Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: Depreciation on sales office $ 9,800 Depreciation on factory equipment 16,700. Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture Freight-in (on raw materials) Costs of delivery to customers Wages paid to assembly-line workers Lumber used to build product 50,200 23,400 3,800 21,400 115,600 10,900 3,200 9,200 A. $261,800. OB. $131,700. OC. $236,600. D. $325,100. 115,100 82,100 54,100 26,900 Utilities in factory Utilities in sales office Manufacturing overhead costs for Custom Creations Furniture Company totaled
Skysong Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: $17,500 14,370 4,740 56,120 91,840 157,680 9,800 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used $79,080 52,420 2,850 1,550 2,280 17,100 2,960
Metlock Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information $13,300 10.870 3,340 Manufacturing overhead 42,120 69,440 118,480 7,000 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used Determine the total amount of manufacturing overhead.. $59,480 39,820 2.150 1,130 1,720 12.900 2,260 su
Custom Creations Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include: $ 9,800 16,900 50,700 23,900 3,400 21,900 115,600 10,100 3,100 9,700 Depreciation on sales office Depreciation on factory equipment Factory supervisor salary Sales commissions Lubricants used in factory equipment Insurance costs for factory Wages paid to maintenance workers Fabric used to upholster furniture Freight-in (on raw materials) Costs of delivery to customers Wages paid to assembly-line workers Lumber used to build product Utilities in factory Utilities in sales office Direct labor costs for Custom Creations Furniture Company totaled OA. $305,200. OB. $281,300. OC. $115,600. OD. $115.000. 115,000 82,600 54,300 26,700
7. Ruwi Automobile Factory reports the following costs and expenses in January. Glue and welding supplies RO 10,650 Factory machine repairs Depreciation – factory equip. 10,300 Advertising Insurance on factory trucks Tires Factory manager's salary Assembly-line wages Sales salaries Property taxes on office building RO 8,500 Windshield Factory supervisor's salary Office utilities Office supplies used Factory quality inspectors Repairs to factory equipment Paint and polishing supplies Factory cleaners' wages 2,000 23,000 3,800 16,300 8,000 22,000 36,000 87,600 9,700 3,700 2,200 15,100 1,300 9,800 10,300 Instructions From the information, determine the total amount of: (a) Manufacturing overhead. (b) Product costs. (c) Period costs.
Burnham industries incurs the following costs for the month: Direct materials $2,000 Direct labor 3,000 Factory depreciation expense 3,500 Factory utilities expense 750 CEO's salary 4,000 What is the prime cost?

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