Cartwell Inc. makes picture frames which are sold in a local retail store and through various websites.
Wood for frames = $ 10,500
Rent for retail store = 3,100
Depreciation on office equipment = 420 Assembly worker wages = 2,050
CEO's salary = 3,550 Glue and nails = 250
Online sales commissions = 1,500
Glass for frames = 4,200
Depreciation on factory equipment = 650
Factory utilities = 400
Stain for frames. = 450
Required:
1. Determine the cost of direct material.
2. Determine the cost of direct labor.
3. Determine the cost of manufacturing overhead.
4. Determine the total manufacturing cost.
5. Determine the total period cost.
6. Determine the total variable cost.
7. Determine the total fixed cost.
8. Determine the total prime cost.
9. Determine the total conversion cost.