Production Cost

Imagine you oversee a textile factory that manufactures garments. In your latest production run, you recorded the following expenses: The direct materials cost was $800, the direct labor cost was $400, and the overhead cost reached $3000. During this production period, your team completed 150 garments. Determine the total product cost and the cost per garment.

You are the operations manager of a furniture manufacturing company. For the recent production batch, you documented the following expenditures: The direct materials cost amounted to $1200, the direct labor cost was $600, and the overhead cost was $4000. Your team successfully completed 200 pieces of furniture. Compute the total product cost and the cost per piece of furniture.

You are managing a small manufacturing company that produces widgets. In your recent production cycle, you incurred the following costs: The cost of direct materials amounted to $500, the cost of direct labor was $300, and the overhead cost totaled $2000. Throughout this cycle, your team produced 100 widgets. Calculate the total product cost and the cost per widget.

Suppose you run a bakery that specializes in artisanal bread. In your most recent production cycle, you recorded the following costs: The direct materials cost was $1000, the direct labor cost amounted to $500, and the overhead cost reached $3500. Throughout this period, your team produced 120 loaves of bread. Calculate the total the cost per loaf.

Imagine you manage a pottery studio, and in your latest production round, you utilized two types of direct materials: clay costing $200 and glaze costing $100. The direct labor cost for shaping and firing each piece of pottery was $50. Moreover, the overhead cost, which includes the rent of kilns and pottery wheels, amounted to $2500. During this cycle, your team successfully crafted 130 pieces of pottery. Determine the total product cost and the cost per piece of pottery.

You've been appointed as the operations manager of a commercial bakery, tasked with managing the bakery's equipment costs. Upon reviewing the inventory, you find that the bakery recently invested in a commercial-grade dough mixer for 60,000 pesos and a large capacity oven for 80,000 pesos, both expected to last for three years. The dough mixer is essential for preparing various doughs and batters, while the oven is crucial for baking a wide range of bread and pastry products. Now, your objective is to compute the potential costs for each piece of equipment, considering that the bakery processes an average of 500 loaves of bread and pastry items per day.

For the mixer assume it operates for 4 hours per day to mix dough for the 500 loaves. For the oven, let's assume it operates for 8 hours per day to bake the 500 loaves.