Acct 525 managerial accounting (average product cost per bookcase)

ACCT 525 Managerial Accounting
Heritage Company manufactures a beautiful bookcase that enjoys widespread popularity. The company has a backlog of orders that is large enough to keep production going indefinitely at the plant’s full capacity of 4,200 bookcases per year. Annual cost data at full capacity follow
 
Required:
Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as either variable or fixed with respect to the number of units produced and sold; and second, as either a selling and administrative cost or a product cost. (If the item is a product cost, it should also be classified as either direct or indirect.) (Leave no cells blank – be certain to enter “0” wherever required. Omit the “$” sign in your response.)
 
Direct materials used (wood and glass)
 
$ 432,000  
 
  Administrative office salaries
 
$   108,000  
 
 Factory supervision
 
$ 70,000  
 
  Sales commissions
 
$  63,000  
 Depreciation, factory building
 
$ 108,000  
 
  Depreciation, administrative office equipment
 
$  2,000  
    Indirect materials, factory
 
$ 16,000  
   Factory labor (cutting and assembly)
 $  88,000  
   Advertising
 
$ 96,000  
   Insurance, factory
 $   7,000  
  Administrative office supplies (billing)
$  5,000  
Property taxes, factory
$ 22,000  
Utilities, factory
 $ 49,000  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
           Cost Item                                          Variable               Fixed       (Selling or admin costs  )             direct            indirect
 
 Direct materials used (wood, glass)
  Administrative office salaries
   Factory supervision
   Sales commissions
   Depreciation, factory building
   Depreciation, admin. Office equipment
   Indirect materials, factory
   Factory labor (cutting and assembly)
   Advertising
   Insurance, factory
   Administrative office supplies (billing)
   Property taxes, factory
   Utilities, factory
  
Total costs
 
 
2.
Compute the average product cost per bookcase. (Round your answer to the nearest dollar amount. Omit the “$” sign in your response.)
 
Average product cost        $  per bookcase ?
 
 

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