Accounting Problem. Can someone please answer this question?

Answers:12   |   LastUpdateAt:2017-11-27 17:06:59  

hey im in late homework and i need help
Asked at 2012-08-04 12:34:03
Lott Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Lott's monthly manufacturing cost and other expense data are as follows.

Rent on factory equipment $ 7,960
Insurance on factory building 2,060
Raw materials (plastics, polystyrene, etc.) 83,540
Utility costs for factory 960
Supplies for general office 390
Wages for assembly line workers 46,310
Depreciation on office equipment 850
Miscellaneous materials (glue, thread, etc.) 1,270
Factory manager's salary 6,460
Property taxes on factory building 430
Advertising for helmets 14,980
Sales commissions 7,350
Depreciation on factory building 1,610

Complete the answer sheet. Enter each cost item on your answer sheet, placing the dollar amount under the appropriate headings. Total the dollar amounts in each of the columns. (If answer is zero, please enter 0, do not leave any fields blank.)

Product Costs

Cost Item

Direct Materials

Direct Labor

Manufacturing Overhead

Period Cost
Rent on factory equipment $ $ $ $
Insurance on factory building
Raw materials
Utility costs for factory
Supplies for general office
Wages for assembly line workers
Depreciation on office equipment
Miscellaneous materials
Factory manager's salary
Property taxes on factory building
Advertising for helmets
Sales commissions
Depreciation on factory building





Compute the cost to produce one helmet. (Round answer to 2 decimal places, e.g. 10.50.)


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