Homework Answers
| Ans. | Item | Period Cost | Direct Product Cost | Indirect Product Cost |
| a) Materials used | $108,000 | |||
| b) Advertising | $20,000 | |||
| c) Insurance, factory | $10,000 | |||
| d) Administrative salaries | $25,000 | |||
| e) Property, factory | $6,000 | |||
| f) Utilities, retail store building | $11,000 | |||
| g) Factory labor | $40,000 | |||
| h) Sales commissions | $28,000 | |||
| i) Factory supervisor's salary | $30,000 | |||
| j) Research and development | $9,000 | |||
| k) Depreciation, factory | $6,000 | |||
| l) Depreciation, office | $4,000 | |||
| m) Indirect materials | $7,000 | |||
| Total | $97,000 | $148,000 | $59,000 | |
| Notes: | ||||
| *Expenses related to selling general and administration are listed under Period costs. | ||||
| *Direct expenses are listed under direct product costs. | ||||
| *Factory overheads are listed under indirect product costs. | ||||
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production going at its full capacity of 4,000 sets per year.
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$
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Factory supervision
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$
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Sales commissions
$
61,000
Insurance, factory
$
7,000
Depreciation, administrative office equipment
$...
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Please help! Thanks
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The Dorilane Company specializes in producing a set of wood
patio furniture consisting of a table and four chairs. The set
enjoys great popularity, and the company has ample orders to keep
production going at its full capacity of 4,000 sets per year.
Annual cost data at full capacity follow:
Direct labor
$
94,000
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