If this is too much subquestions please just answer for period costs. Calculate
ID: 2357539 • Letter: I
Question
If this is too much subquestions please just answer for period costs.Calculate the total Prime Costs, total Conversion Costs, total Product Costs, total Manufacturing Overhead Cost, and total Period Costs for the following cost data:
Direct material - 2100000
Advertising Expense: 99000
Depreciation of building: 115000
Direct Labor:wages 485000
Cost of Finished Goods inventory @ yr end: 115000
Indirect Labor:wages: 140000
Production supervisors salary: 45000
Service Dept Costs:100000
Direct Labor, fringe benefits: 95000
Indirect Labor, fringe benefits:30000
Fringe benefits to production supervisor:9000
total overtime premiums paid:55000
Cost of idle time, production employees:40000
Administrative Costs:150000
Rental of Office space for sales personal: 15000
Sales Commissions:5000
Product Promotion costs: 10000
Explanation / Answer
115,000
Indirect labor
140,000
Production supervisors salary
45,000
Indirect labor, fringe benefits
30,000
Fringe benefits to supervisor
9,000
Conversion cost
919,000
115,000
Indirect labor
140,000
Production supervisors salary
45,000
Indirect labor, fringe benefits
30,000
Fringe benefits to supervisor
9,000
Rent of office space
15,000
Manufacturing cost
354,000
Advertismnet
Period cost
330000
Particulars Amount Direct material 2,100,000 Direct labor wages 485,000 Direct labor fringe benefits 95,000 Prime cost 2,680,000