Please calculate the following Direct Labor Cost:________________ Manufacting Ov
ID: 2604494 • Letter: P
Question
Please calculate the following
Direct Labor Cost:________________
Manufacting Overhead_________________
Prime Cost______________________
Conversion Cost ______________________
Total Manufacting Cost______________
Period Expenses___________________
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 salary $ 28,000 19,300 84,600 8,110 1,880 31,400 31,500 61,200 35,700 7,700 13,500 26,500 Sales commissions Factory insurance Depreciation on factory equipmentExplanation / Answer
Solution
1) Direct Labour cost = Wages paid to laborers = $84600
2) Manufacturing Overhead
3) Prime cost
4) Conversion cost
5) Total manufacturing cost
6) Period Expenses
Particulars Amount Factory Rent $28000 Indirect production labour $1880 Utilities for factory $31400 Factory Insurance $13500 Depreciation on factory equipment $26500 Production supervisor salary $31500 Total cost $132780