1. Cox Manufacturing Company produces seat belts for automobile companies. During the year just ended,...
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1. Cox Manufacturing Company produces seat belts for automobile companies. During the year just ended, the company produced 60 000 seatbelts and incurred the following costs Materials and supplies used Strapping 360 000 Metal clasps 127500 Thread 4500 Machine lubricants 1 500 Wapes and salaries Machine operators 333 000 Production supervisors 100 500 Other factory costs Maintenance personnel 20 000 Janitorial personnel 24000 Insurance 33 000 Administrative expenses (50% fixed) 165 000 Selling expenses (100% fixed) 148 500 Compute EACH of the following 0 Tocal direct materials (I) Totul indirect laber (i) Total factory overhead (iv) Total product cost V) Total period.com (vi) Total variable manufacturing cost [2 market [2 marks] [3 marks [2 marks [2 marks] [2 marks] Cox Manufacturing Company recently received an order for 10.000 seatbelts from an automobile manufacturer in Anguilla Assuming that Cox Manufacturing Company has the production capacity to fill this order without affecting existing production list the categories of costs that are relevant to the decision. [2 marks] Cox Manufacturing will not accept the order if the company will be worse off financially by so doing. Calculate the minimum price that Cox Manufacturing Company can charge for the order [3 marks GO ON TO THE NEXT PAGE 222201020/CAPE 2008 1. Cox Manufacturing Company produces seat belts for automobile companies. During the year just ended, the company produced 60 000 seatbelts and incurred the following costs Materials and supplies used Strapping 360 000 Metal clasps 127500 Thread 4500 Machine lubricants 1 500 Wapes and salaries Machine operators 333 000 Production supervisors 100 500 Other factory costs Maintenance personnel 20 000 Janitorial personnel 24000 Insurance 33 000 Administrative expenses (50% fixed) 165 000 Selling expenses (100% fixed) 148 500 Compute EACH of the following 0 Tocal direct materials (I) Totul indirect laber (i) Total factory overhead (iv) Total product cost V) Total period.com (vi) Total variable manufacturing cost [2 market [2 marks] [3 marks [2 marks [2 marks] [2 marks] Cox Manufacturing Company recently received an order for 10.000 seatbelts from an automobile manufacturer in Anguilla Assuming that Cox Manufacturing Company has the production capacity to fill this order without affecting existing production list the categories of costs that are relevant to the decision. [2 marks] Cox Manufacturing will not accept the order if the company will be worse off financially by so doing. Calculate the minimum price that Cox Manufacturing Company can charge for the order [3 marks GO ON TO THE NEXT PAGE 222201020/CAPE 2008
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