Compute the Cost of Goods Manufactured by completing the Cost of Goods Manufactured Schedule using the...

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Compute the Cost of Goods Manufactured by completing the Cost of Goods Manufactured Schedule using the following cost data and account balances: Coconut Flakes Purchase $ Oven Depreciation Computer Insurance 20,000 $ 10,000 Account Balances Beg. Direct Materials $ 50,000 $ 5,000 Ending Direct Materials $ 60,000 Bakery Security Guard Wages $ 20,000 Beg. Work-In-Process Inventory $ 10,000 Flour Purchased $ 25,000 Beg. Finished Goods $ 6,000 Bakers Salaries $ 50,000 Ending Work-In-Process Inventory $ 5,000 Bakery Electricity $ 1,000 Ending Finished Goods $ 8,000 Eggs Purchased $ 30,000 Cookies Produced 110,000 cookies Corporate Headquarters Heating $ 7,000 Cookies Sold Cookie Shipping $ 1,000 Actual Direct Labor Hours Used 100,000 cookies 500 hrs Butter Purchased 15,000 Baking Supervisor Salary $ 30,000 Sanitary Gloves Purchased (Worn by Bakers) $ Sugar Purchased 5,500 $ 20,000 Requirement 1 1. Identify the following as either a variable or fixed cost and the corresponding amount 2. Calculate the total variable and fixed cost, then calculate the variable cost per unit. Description Cost Classification Amount Coconut flakes used in the cookies. Depreciation on the ovens. Insurance on the computers used in the accounting office. Butter used in cookie dough mix. Wages for the bakery security guard. Wages of the bakers who make the cookies. Electricity for the bakery. Eggs used in the cookie dough mix. Heating for the corporate headquarters. Sugar used in cookie mix. Freight for shipping the cookies to customers. Salary of the baking supervisor. Sanitary gloves worn by bakers. Flour used for baking the cookies. Total Variable Costs Cookies Produced Variable Costs/Unit Total Fixed Costs Compute the Cost of Goods Manufactured by completing the Cost of Goods Manufactured Schedule using the following cost data and account balances: Coconut Flakes Purchase $ Oven Depreciation Computer Insurance 20,000 $ 10,000 Account Balances Beg. Direct Materials $ 50,000 $ 5,000 Ending Direct Materials $ 60,000 Bakery Security Guard Wages $ 20,000 Beg. Work-In-Process Inventory $ 10,000 Flour Purchased $ 25,000 Beg. Finished Goods $ 6,000 Bakers Salaries $ 50,000 Ending Work-In-Process Inventory $ 5,000 Bakery Electricity $ 1,000 Ending Finished Goods $ 8,000 Eggs Purchased $ 30,000 Cookies Produced 110,000 cookies Corporate Headquarters Heating $ 7,000 Cookies Sold Cookie Shipping $ 1,000 Actual Direct Labor Hours Used 100,000 cookies 500 hrs Butter Purchased 15,000 Baking Supervisor Salary $ 30,000 Sanitary Gloves Purchased (Worn by Bakers) $ Sugar Purchased 5,500 $ 20,000 Requirement 1 1. Identify the following as either a variable or fixed cost and the corresponding amount 2. Calculate the total variable and fixed cost, then calculate the variable cost per unit. Description Cost Classification Amount Coconut flakes used in the cookies. Depreciation on the ovens. Insurance on the computers used in the accounting office. Butter used in cookie dough mix. Wages for the bakery security guard. Wages of the bakers who make the cookies. Electricity for the bakery. Eggs used in the cookie dough mix. Heating for the corporate headquarters. Sugar used in cookie mix. Freight for shipping the cookies to customers. Salary of the baking supervisor. Sanitary gloves worn by bakers. Flour used for baking the cookies. Total Variable Costs Cookies Produced Variable Costs/Unit Total Fixed Costs