The following information is available for Wonderway, Inc., for 2018: Factory rent $ 29,100 Company advertising...
The following information is available for Wonderway, Inc., for
2018:
| Factory rent | $ | 29,100 | |
| Company advertising | 20,200 | ||
| Wages paid to laborers | 84,900 | ||
| Depreciation for president's vehicle | 8,150 | ||
| Indirect production labor | 1,940 | ||
| Utilities for factory | 30,200 | ||
| Production supervisor's salary | 31,700 | ||
| President's salary | 60,800 | ||
| Direct materials used | 36,200 | ||
| Sales commissions | 7,680 | ||
| Factory insurance | 13,400 | ||
| Depreciation on factory equipment | 27,900 | ||
Required:
1. Calculate the direct labor cost for Wonderway.
2. Calculate the manufacturing overhead cost for Wonderway.
3. Calculate the prime cost for Wonderway.
4. Calculate the conversion cost for Wonderway.
5. Calculate the total manufacturing cost for Wonderway.
6. Calculate the period expenses for Wonderway.
Homework Answers
| Answer | |||
|
1 |
|||
| Direct labor cost = $ 84,900 | |||
| 2 | |||
| Manufacturing overhead =$29100+$1940+$30200+$31700+$13400+$28000= $106,340 | |||
| 3 | |||
| Prime cost = $36200+$84,900= | $ 121,100 | ||
| 4 | |||
| Conversion cost = $84,900+$121,100= | $ 206,000 | ||
| 5 | |||
| Total manufacturing cost = $36200+$84900+$106340= | $ 227,440 | ||
| 6 | |||
| Period expenses = $20200+$8150+$60800+$7680= | $ 96,830 | ||
> Also, Conversion Cost should equal $84,900+$106,340, not $84,900+$121,100. Conversion Cost = Direct Labor + Manufacturing Overhead, Direct Labor + Prime Cost as shown above.
koda Mon, Nov 15, 2021 12:54 PM
Add Answer to:
The following information is available for Wonderway, Inc., for
2018:
Factory rent
$
29,100
Company advertising...
The following information is available for Wonderway, Inc., for 2018: Factory rent Company advertising Wages paid...
The following information is available for Wonderway, Inc., for 2018: 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 Direct materials used Sales commissions Factory insurance Depreciation on factory equipment $ 29,600 19,400 83,900 8,160 1,940 30, 600 30,900 61,000 34,900 7,620 13,000 26,700 Required: 1. Calculate the direct labor cost for Wonderway. 2. Calculate the manufacturing overhead cost for Wonderway. 3. Calculate the prime cost...
The following information is available for Wonderway, Inc., for 2015: Factory rent $ 29,000 Company advertising...
The following information is available for Wonderway, Inc., for 2015: Factory rent $ 29,000 Company advertising 20,000 Wages paid to laborers 83,800 Depreciation for president's vehicle 8,190 Indirect production labor 1,860 Utilities for factory 31,200 Production supervisor's salary 30,500 President's salary 60,800 Direct materials used 36,100 Sales commissions 7,690 Factory insurance 13,500 Depreciation on factory equipment 26,500 Required: 1. Calculate the direct labor cost for Wonderway. 2. Calculate the manufacturing overhead cost for Wonderway. 3. Calculate the prime cost for...
The following information is available for Wonderway, Inc., for 2018: points Factory rent Company advertising Wages...
The following information is available for Wonderway, Inc., for 2018: points Factory rent Company advertising Wages paid to laborers Depreciation for president's vehicl Indirect production labor Utilities for factory Production supervisor's sa President's salary Direct materials used sales commissions Factory insurance Depreciation on factory equipment $ 29, 200 19,800 84,700 8,099 1,980 31,500 31,100 61,000 36,100 7,610 12,400 27,500 00219 Required: 1. Calculate the direct labor cost for Wonderway 2. Calculate the manufacturing overhead cost for Wonderway 3. Calculate the...
The following information is available for Wonderway, Inc., for 2015: Factory rent Company advertising Wages paid...
The following information is available for Wonderway, Inc., for 2015: Factory rent Company advertising Wages paid tolaborers Depreciation for president's vehicle Indirect production labor Utilities for factory Production supervisors salary President's salary Direct materials used Sales commissions Factory insurance Depreciation on factory equipment 28,200 20,200 84,800 8,050 1,880 32,000 30,600 61,500 35,200 7,580 14,000 27,600 Required: 1. Calculate the direct labor cost for Wonderway. Direct Labor Cost 2. Calculate the manufacturing overhead cost for Wonderway. anufacturing Overhead 3. Calculate the...
$ 3,030 1,030 30,200 2,050 585 815 Factory rent Company advertising Wages paid to assembly workers...
$ 3,030 1,030 30,200 2,050 585 815 Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters 3,500 150 5,090 4,060 270 1,220 1,060 2,080 7,750 2. Determine the total cost for each of the following: b. Direct Materials Direct Labor Manufacturing Overhead Prime Cost d. Conversion Cost Total Product Cost
Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for...
Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,140 1,070 31,000 2,180 580 870 3,520 135 5,040 4,170 225 1,210 1,100 2,130 8,200 2. Determine the total cost for each of the following: a. Direct Materials b. Direct Labor Manufacturing Overhead d. Prime Cost e. Conversion Cost f. Total...
Check my work 1.25 points Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons'...
Check my work 1.25 points Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons' vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters $ 37,000 25,300 76,800 30,100 1,060 23, 200 30,500 76,200 40,500 775 18,600 7,900 50, 500 eBook Hint Print References Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute the cost of direct labor...
1.Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018:...
1.Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent $ 38,000 Company advertising 25,100 Wages paid to seamstresses 77,000 Depreciation on salespersons' vehicles 31,700 Thread 1,170 Utilities for factory 24,400 Cutting room supervisor's salary 30,700 President’s salary 75,200 Premium quality cotton material 42,000 Buttons 800 Factory insurance 18,900 Depreciation on sewing machines 6,000 Wages paid to cutters 51,000 Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute...
00 1.25 points Pactory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles...
00 1.25 points Pactory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,200 1,050 31,200 2,090 580 875 3,580 155 5,080 4,170 285 1,250 1,090 2,010 8,500 eBook Print Assume that Suzie Whitson has decided to begin production of her outdoor children's toy. References Required: 1 and 2. Identify each...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018:...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters $ 36,990 24,500 76,000 31,600 1,120 23,500 31,500 76,100 41,300 775 18,800 7,400 50,500 Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute...
The following information is available for Wonderway, Inc., for 2018: 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 Direct materials used Sales commissions Factory insurance Depreciation on factory equipment $ 29,600 19,400 83,900 8,160 1,940 30, 600 30,900 61,000 34,900 7,620 13,000 26,700 Required: 1. Calculate the direct labor cost for Wonderway. 2. Calculate the manufacturing overhead cost for Wonderway. 3. Calculate the prime cost...
The following information is available for Wonderway, Inc., for 2018: points Factory rent Company advertising Wages paid to laborers Depreciation for president's vehicl Indirect production labor Utilities for factory Production supervisor's sa President's salary Direct materials used sales commissions Factory insurance Depreciation on factory equipment $ 29, 200 19,800 84,700 8,099 1,980 31,500 31,100 61,000 36,100 7,610 12,400 27,500 00219 Required: 1. Calculate the direct labor cost for Wonderway 2. Calculate the manufacturing overhead cost for Wonderway 3. Calculate the...
The following information is available for Wonderway, Inc., for 2015: Factory rent Company advertising Wages paid tolaborers Depreciation for president's vehicle Indirect production labor Utilities for factory Production supervisors salary President's salary Direct materials used Sales commissions Factory insurance Depreciation on factory equipment 28,200 20,200 84,800 8,050 1,880 32,000 30,600 61,500 35,200 7,580 14,000 27,600 Required: 1. Calculate the direct labor cost for Wonderway. Direct Labor Cost 2. Calculate the manufacturing overhead cost for Wonderway. anufacturing Overhead 3. Calculate the...
$ 3,030 1,030 30,200 2,050 585 815 Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters 3,500 150 5,090 4,060 270 1,220 1,060 2,080 7,750 2. Determine the total cost for each of the following: b. Direct Materials Direct Labor Manufacturing Overhead Prime Cost d. Conversion Cost Total Product Cost
Factory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,140 1,070 31,000 2,180 580 870 3,520 135 5,040 4,170 225 1,210 1,100 2,130 8,200 2. Determine the total cost for each of the following: a. Direct Materials b. Direct Labor Manufacturing Overhead d. Prime Cost e. Conversion Cost f. Total...
Check my work 1.25 points Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons' vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters $ 37,000 25,300 76,800 30,100 1,060 23, 200 30,500 76,200 40,500 775 18,600 7,900 50, 500 eBook Hint Print References Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute the cost of direct labor...
00 1.25 points Pactory rent Company advertising Wages paid to assembly workers Depreciation for salespersons' vehicles Screws Utilities for factory Assembly supervisor's salary Sandpaper President's salary Plastic tubing Paint Sales commissions Factory insurance Depreciation on cutting machines Wages paid to painters $ 3,200 1,050 31,200 2,090 580 875 3,580 155 5,080 4,170 285 1,250 1,090 2,010 8,500 eBook Print Assume that Suzie Whitson has decided to begin production of her outdoor children's toy. References Required: 1 and 2. Identify each...
Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent Company advertising Wages paid to seamstresses Depreciation on salespersons vehicles Thread Utilities for factory Cutting room supervisor's salary President's salary Premium quality cotton material Buttons Factory insurance Depreciation on sewing machines Wages paid to cutters $ 36,990 24,500 76,000 31,600 1,120 23,500 31,500 76,100 41,300 775 18,800 7,400 50,500 Required: 1. Compute the cost of direct materials for Cotton White. 2. Compute...
Most questions answered within 3 hours.
-
9.) You are buying a car that cost $26,500. You make payments of
$412 each month...
asked 22 minutes ago -
. Suppose a discrete random variable has probability
distribution
P(x) = .2 if x = 0...
asked 1 hour ago -
Problem #1
The area between Z = 0 and Z = 2.50
The area between Z...
asked 38 minutes ago -
Under the influence of its drive force, a snowmobile is moving
at a constant velocity along...
asked 2 hours ago -
Why do organizations decline? What steps can top
management take to halt, decline, and restore organizational...
asked 1 hour ago -
What mechanisms Drive speciation??
(I.e. what was Dawins theory on the orgin of species, and how...
asked 3 hours ago -
The manager at a car assembly plant believes that the mean
assembly time for a car...
asked 4 hours ago -
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 5 hours ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 6 hours ago -
The highly pathogenic bacterium Clostridium
perfringens causes gangrene, a disease that results in the
destruction of...
asked 8 hours ago -
In the context of situation analysis, which of the following is
a category for analysis in...
asked 8 hours ago -
In a study of the gas phase decomposition of sulfuryl chloride
at 600 K SO2Cl2(g)SO2(g) +...
asked 8 hours ago
> I would just like to elborate for some of you: the 28,000 in Manufacturing Overhead is supposed to equal 27,900, or the depreciation on factory equipment. Hope this helps some.
koda Mon, Nov 15, 2021 12:38 PM