Question: Required information Problem 1-1A (Algo) Classifying costs and computing cost per unit LO C2, P2 [The following information applies to the questions displayed below.) Listed

Required information Problem 1-1A (Algo) Classifying costs and computing cost per unit LO C2, P2 [The following information applies to the questions displayed below.) Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. Costs 1. Plastic for casing-$17,000 2. Wages of assembly workers-589,000 3. Property taxes on factory-$6,000 4. Office accounting salaries-$32,000 5. Drum stands-$42,000 6. Rent cost of office for accountants-$12,000 7. Office management salaries-$215,000 8. Annual fee for factory maintenance-$16,800 9. Sales commissions-$23,000 10. Factory machinery depreciation, straight-line-$49,000 2. Compute the average manufacturing cost per drum set. Calculation of Manufacturing Cost per Drum Set Manufacturing costs Plastic for casing $ Wages of assembly workers Property taxes on factory Drum stands Annual fee for factory maintenance Factory machinery depreciation 17,000 89,000 6,000 42,000 16,000 49,000 Total manufacturing costs $ 219,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
