Alumber mill bought a shipment of logs for $58,000. when cut, the logs produced a million board feet of lumber in the following grades. compute the cost to be allocated to type 1 and type 2 lumber, respectively, if the value basis is used. (do not round your intermediate calculations.) type 1 - 400,000 bd. ft. priced to sell at $0.12 per bd. ft. type 2 - 400,000 bd. ft. priced to sell at $0.06 per bd. ft. type 3 - 200,000 bd. ft. priced to sell at $0.04 per bd. ft. multiple choice $58,000; $24,000. $34,800; $17,400. $10,944; $5,800. $24,000; $8,000. $16,000; $16,000.

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?