Kimmel, Survey of Accounting, 1e Assignment Gradebook ORION Downloadable eTextbo

Question

Kimmel, Survey of Accounting, 1e Assignment Gradebook ORION Downloadable eTextbook Problem 10-1 (Part Level Submission) Monty Company specializes in manufacturing a unique model of bicycle helmet. The model is well a at 10,000 helmets per month (80% of its full capacity), Monty's monthly manufacturing cost and o $12,000 2,330 80,500 990 330 67,000 840 1,240 6,600 490 14,500 Rent on factory equipment Insurance on factory building Raw materials used (plastics, polystyrene, etc.) Utility costs for factory Supplies for general office Wages for assembly line workers Depreciation on office equipment Miscellaneous materials (glue, thread, etc.) Factory manager's salary Property taxes on factory building Advertising for helmets Sales commissions Depreciation on factory building 10,540 1,650 Your answer is correct Prepare an answer sheet with the following column headings Enter each cost item on your answer sheet, placing the dollar amount under the appropriate headings.

Explanation / Answer

b Total production costs Direct materials 80500 Direct labor 67000 Manufacturing overhead 25300 Total production cost 172800 Production cost per helmet = $    17.28 172800/10000

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