Question
Boyceville Enterprises manufactures a variety of wooden picture frames using recycled wood from old barns. Boyceville...
Boyceville Enterprises manufactures a variety of wooden picture
frames using recycled wood from old barns. Boyceville Enterprises
has reported the following costs for the previous year. Assume no
production inventories.
Advertising - 25000
Cost of Hardware - 43000
Cost of wood - 122000
Depreciation on production equipment - 33000
Factory Property Taxes - 16000
Factory rent - 48000
Glue - 3100
Production supervisor salary - 41000
Sales manager salary - 42000
Utilities for factory - 26600
Wages for maintenance workers - 34000
Wages for assembly workers - 88000
Wages of finishing workers - 74000
Compute the following:
a. Direct material costs
b. Direct labor cost
c. Manufacturing overhead
d. Total manufacturing cost
e. Prime cost (Direct Material + Direct Labor)
f. Conversion cost (Direct Labor + Overhead )
g. Total period cost
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