Utilities for the plant 2400 each month plus 053 for each

Reference no: EM13590898

Creative Crates Co. produces wooden crates used for shipping products by ocean liner. In 2014, Creative incurred the following costs.

Wood used in crate production $55,560
Nails (considered insignificant and a variable expense) $510
Direct labor $40,830

Utilities for the plant: $2,400 each month, plus $0.53 for each kilowatt-hour used each month Rent expense for the plant for the year $22,430 Assume Creative used an average 700 kilowatt-hours each month over the past year.

(a) What is Creative's total manufacturing cost if it uses a variable costing approach?

Total Manufacturing Costs:

(b) What is Creative's total manufacturing cost if it uses an absorption costing approach?

Total Manufacturing Costs:

Reference no: EM13590898

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