Find: 1) Direct Labor Cost 2) Manufacturing Overhead Cost 3) Prime Cost 4) Conve
ID: 2606327 • Letter: F
Question
Find:
1) Direct Labor Cost
2) Manufacturing Overhead Cost
3) Prime Cost
4) Conversion Cost
5) Total Manufacturing Cost
6) Period Expenses
E1-8 Classifying and Calculating Costs [LO 1-4] The following information is available for Wonderway, Inc., for 2015: Factory rent Company advertising Wages paid to laborers Depreciation for president's vehicle Indirect production labor Utilities for factory Production supervisor's salary President's sala Direct materials used Sales commissions Factory insurance Depreciation on factory equipment $ 40,000 20,000 82,000 8,000 1,800 36,000 30,000 60,000 34,500 7,500 12,000 26,000 rVExplanation / Answer
Calculation of cost sheet -
1. Direct labour cost as given = 82000
2. Manufacturing overhead cost = Indirect production labour + utilities for factory + production supervisor salary + Depriciation on factory equipment
= 1800 + 36000 + 30000 + 26000
= 93800
3. Prime Cost = Direct material + Direct labour
= 34500 + 82000
= 116500
4. Converiosn cost = Cost of sales which is calculated in above statement of cost sheet which come out 357800.
5. Total manufacturing cost = Cost of production which come out in above statement (Cost sheet) 330300
6. Period expense = All fixed expenses
list of all fixed expense are as follwos -
Please note all values are in $.
In case of any clarification required pleas comment.
Paticulars Amt. $ Direct material used 34500 Wages paid to labourers 82000 Prime cost 116500 add Indirect production labour 1800 Utilities for factory 36000 Production supervisor salary 30000 Depriciation on factory equipment 26000 Factory cost 210300 Office and administrative expense Factory rent 40000 Factory insurance 12000 Depriciation for president vehicle 8000 President salary 60000 Cost of production 330300 add Company advertising 20000 sales commission 7500 Cost of sales 357800Related Questions
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