Costing

post has two assignments

1:cost

Abel Furniture has determined the following Unit production costs for a table:
Direct Materials $10
Direct Labor $12
Indirect Materials $4
Indirect Labor $3
Fixed MOH $5
Expected level of output 10,000 units
Relevant Range 5,000 to 15,000
Fixed MOH per unit is calculated at the expected level of output of 10,000 units.
Required:
1. Determine the total Fixed MOH
2. What is the total variable costs per table?
3. What is the total Variable MOH per table?
4. Calculate the total variable costs at the expected level of output of 10,000
5 Calculate the cost per unit or table at 10,000 units of output.
6. If the firm were to produce 15,000 units, what is the Fixed MOH at this level?
7. What is the total variable cost per unit (table) at 15,000 units of output?

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2:ABEL FACTORY TOUR
Your class had a field trip to Abel factory that manufactures furniture.
I would like you to make a listing of your observations following the following guidelines:
Materials- What materials were used in the factory. Follow guidelines and definitions given in the textbook. Give reasons for your choice.
Labor- List all types of employees that you might find working in the shop. Follow guidelines and definitions given in the textbook. Give reasons for your choice
Overhead- List all items whose cost might be classified as overhead cost. Follow guidelines and definitions given in the textbook. Give reasons for your choice.

COST OBJECT.
A cost object is generally defined as anything for which managers wish to accumulate costs. It can be a territory, a region, a division, a department, a product, a process or a service. Costs as they relate to a cost object can be either Direct or Indirect as defined in your textbook. These same costs can either be Variable or Fixed. Without a cost object you cannot define any of the above concepts.
In Abel furniture manufacturing facility, identify costs that would be classified as Direct costs or Indirect costs and these costs can further be classified as Variable or Fixed Remember classification of costs as either variable or fixed is based on the definition or identification of a
Required:
1. Identify the Cost Object
2. Classify the costs listed below as follows:
1. Direct or Indirect
2. Variable or Fixed and give reasons for your choice.
1. Wood
2. Cloth or leather
3. Plastics
4. Metal
5. Glue, abrasives, grease,
6. Carpenter’s wages
7. Janitor’s wages
8. Cafeteria workers
9. Clerical staff wages
9. Utilities, including water, electricity, heating, cooling.
10. Property taxes
11. Depreciation of factory building
12. Depreciation of factory machinery
13. Depreciation of filing and other office furniture in the factory
14. Snow removal
15. Maintenance of parking lot
16. Security guard’s wages
17. Landscaping for the factory property
18. Land on which the factory is built.
19. Maintenance of fish pond
20. Factory supervisor’s salary.

ABEL FACTORY