Survivor Corporation produced 8,500 units and incurred the following cost:Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadSales commissionsVariable administrative expenseFixed selling and administrative expenseDetermine the following:1. Total direct manufacturing cost =2. Total indirect manufacturing cost =Cost perUnitP 5.00P 3.20P 1.30P 1.10P 0.30Cost perPeriodP 127,500P 38,250

Requirement;-1 Direct manufacturing costs:- which are directly identified with a product or service…

Answered: Determine the following: 1. Total…

Business

Accounting

Determine the following: 1. Total direct manufacturing cost = 2. Total indirect manufacturing cost =

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 14EB: Crafts 4 All has these costs associated with production of 12,000 units of accessory products:...

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Survivor Corporation produced 8,500 units and incurred the following cost:
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Sales commissions
Variable administrative expense
Fixed selling and administrative expense
Determine the following:
1. Total direct manufacturing cost =
2. Total indirect manufacturing cost =
Cost per
Unit
P 5.00
P 3.20
P 1.30
P 1.10
P 0.30
Cost per
Period
P 127,500
P 38,250

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