Cartwell Incorporated makes picture frames that are sold in a local retail store and through various websites. Wood for frames Rent for retail store Depreciation on office equipment Assembly worker wages CEO's salary Glue and nails Online sales commissions Glass for frames Depreciation on factory equipment Factory utilities Stain for frames Required: 1. Determine the cost of direct material. 2. Determine the cost of direct labor. 3. Determine the cost of manufacturing overhead. 4. Determine the total manufacturing cost. 5. Determine the total period cost. 6. Determine the total variable cost. 7. Determine the total fixed cost. 8. Determine the total prime cost. 9. Determine the total conversion cost. 1. Direct materials cost 2. Direct labor cost 3. Manufacturing overhead cost 4. Total manufacturing cost 5. Total period cost 6. Total variable cost 7. Total fixed cost 8. Total prime cost 9. Total conversion cost $ $ $ $ $ $ $ $ 18,050 x 2,250 1,800 X 22,100 9,500 × 22,450 X 6,450 20,300 4,050 x $ 12,500 3,500 500 2,250 3,750 450 1,700 5,000 850 500 550

Cartwell Incorporated makes picture frames that are sold in a local retail store and through various websites. Wood for frames Rent for retail store Depreciation on office equipment Assembly worker wages CEO's salary Glue and nails Online sales commissions Glass for frames Depreciation on factory equipment Factory utilities Stain for frames Required: 1. Determine the cost of direct material. 2. Determine the cost of direct labor. 3. Determine the cost of manufacturing overhead. 4. Determine the total manufacturing cost. 5. Determine the total period cost. 6. Determine the total variable cost. 7. Determine the total fixed cost. 8. Determine the total prime cost. 9. Determine the total conversion cost. 1. Direct materials cost 2. Direct labor cost 3. Manufacturing overhead cost 4. Total manufacturing cost 5. Total period cost 6. Total variable cost 7. Total fixed cost 8. Total prime cost 9. Total conversion cost $ $ $ $ $ $ $ $ 18,050 x 2,250 1,800 X 22,100 9,500 × 22,450 X 6,450 20,300 4,050 x $ 12,500 3,500 500 2,250 3,750 450 1,700 5,000 850 500 550

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 2TP: This list contains costs that various organizations incur; they fall into three categories: direct...

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