Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shownbelow are some of the costs incurred by Vignana for last year:Cost of clay used In production$ 66,000Wages pald to the workers who palnt the figurlnes$ 94,000Wages pald to the sales manager's secretary$ 26,000Cost of Junk mall advertlsing$ 43,000What is the total of the direct costs above?

Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used In productlon $ 66,000 Wages pald to the workers who palnt the figurlnes $ 94,000 Wages pald to the sales manager's secretary $ 26,000 Cost of Junk mall advertlsing $ 43,000 What is the total of the direct costs above?

Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used In productlon $ 66,000 Wages pald to the workers who palnt the figurlnes $ 94,000 Wages pald to the sales manager's secretary $ 26,000 Cost of Junk mall advertlsing $ 43,000 What is the total of the direct costs above?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter2: Accounting For Materials

Section: Chapter Questions

Problem 15P: One of the tennis rackets that Ace Sporting Goods manufactures is a titanium model (Slam) that sells...

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Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used In production $ 67,000 Wages pald to the workers who palnt the figurlnes $ 82,000 Wages pald to the sales manager's secretary $ 34,000 Cost of Junk mall advertising $ 51,000 What is the total of the product costs above?
Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used in production $ 63,000 Wages paid to the workers who paint the figurines $ 80,000 Wages paid to the sales manager's secretary $ 32,000 Cost of junk mail advertising $ 49,000 What is the total of the direct costs above?
Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used in production $ 75,000 Wages paid to the workers who paint the figurines $ 86,000 Wages paid to the sales manager's secretary $ 38,000 Cost of junk mail advertising $ 55,000 What is the total of the product costs above? $179,000 $93,000 $161,000 $0
Kignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used in production $ 83,000 Wages paid to the workers who paint the figurines $ 90,000 Wages paid to the sales manager's secretary 24 42,000 Cost of junk mail advertising $ 59,000 What is the total of the direct costs above? %24 %24
Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used in production $ 83,000 Wages paid to the workers who paint the figurines $ 90,000 Wages paid to the sales manager's secretary $ 42,000 Cost of junk mail advertising $ 59,000 What is the total of the conversion costs above
Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used in production Wages paid to the workers who paint the figurines Wages paid to the sales manager' r's secretary Cost of junk mail advertising What is the total of the direct costs above? Multiple Choice O $154,000 $116,000 $62,000 $195,000
Sofea Factory manufactures key chains for college bookstores. During 2003, the company had the following costs: Direct materials used $ 31,000Direct labour 18,000Factory rent 12,000Equipment deprecation – factory 2,000Equipment depreciation – office 750Marketing expense 2,500Administrative expenses 40,000 35,000 units produced were in 2003. What is the product cost per unit? approximately $1.24b. $1.80c. approximately $3.04d. $1.40e. approximately $1.82
Easton Company makes and sells scooters. Easton incurred the following costs in its most recent fiscal year: Cost Items Appearing on the Income Statement Materials cost ($10 per unit) Company president's salary Depreciation on manufacturing equipment Salaries of administrative personnel Labor cost ($4 per unit) Advertising costs (150,000 per year) Shipping and handling ($500 per year) Research and development costs Real estate taxes on factory Inspection costs Easton can currently purchase the scooters it makes from Weston Company. If the company purchases the scooters, Easton would still continue to use its own logo, sales staff, and advertising programs. If Easton outsources the scooters to Weston, which of the following costs would be relevant to the outsourcing decision? Multiple Choice X Materials cost Shipping and handling Inspection costs All of these answers are correct.
ABD Co. manufactures textiles. ABD's manufacturing costs last year included the following salaries and wages: Loom (a machine for making mathfrak ric) operators = PhP6,000,000 Factory foremen = PhP2,250,000 Machinery repairmen = PhP1,500,000 What is the amount of direct labor included in the list above? Show the solution.
Roadside Inc. manufactures the Megalite, and is reviewing the product's cost structure. Accounting records show these costs:factory space: $250,000 per yearinsurance: $47,000 per yearsupervisor salaries: $125,000 per yearmaterials: $5.00 per lampdirect labor: $2.69 per lamprecycling charge: $0.37 per lampRoadside Inc sells the Megalite to wholesalers for $13.69 each. Calculate Roadside's contribution margin as percent of selling price on the Megalite. (Rounding: tenth of a percent. Report 25.3%, for example, as "25.3".)
Listed here are the total costs associated with the production of 1,000 drum sets manufactured by TrueBeat. The drum sets sell for $500 each. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers-$82,000 3. Property taxes on factory-$5,000 4. Accounting staff salaries-$35,000 5. Drum stands (1,000 stands purchased)-$26,000 6. Rent cost of equipment for sales staff-$10,000 7. Upper management salaries-$125,000 8. Annual flat fee for factory maintenance service-$10,000 9. Sales commissions-$15 per unit 10. Machinery depreciation, straight-line-$40,000
Roper Furniture manufactures office furniture and tracks cost data across their process. The following are some of the costs that they incur. Classify these costs as fixed or variable costs, and as product costs or period costs. Wood used to produce desks ($125,00 per desk) Production labor used to produce desks ($15 per hour) Production supervisor salary ($45,000 per year) Depreciation on factory equipment ($60,000 per year) Selling and administrative expenses ($45,000 per year) Rent on corporate office ($44,000 per year) Nails, glue, and other materials required to produce desks (varies per desk) Utilities expenses for production facility Sales staff commission (5% of gross sales)