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1. |
If the cost object is an airplane, classify each cost as one of the following: direct material (DM), direct labour (DL), indirect labour (IL), indirect materials (IM), other manufacturing overhead (other MOH), or period cost. What is the total for each type of cost? |
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2. |
Calculate total manufacturing overhead costs. |
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3. |
Calculate total inventoriable product costs. |
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4. |
Calculate total prime costs. |
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5. |
Calculate total conversion costs. |
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6. |
Calculate total period costs. |
Homework Answers
| Part 1 | |||||||
| DM | DL | IM | IL | Other MOH | Period | ||
| Airplane seats | 290 | ||||||
| Depreciation on Administrative offices | 100 | ||||||
| Assembly Workers' Wages | 690 | ||||||
| Plant Utilities | 210 | ||||||
| Production SuperVisor's Salaries | 150 | ||||||
| Jet Engines | 1200 | ||||||
| Machine Lubricants | 25 | ||||||
| Depreciation on Fork Lifts | 70 | ||||||
| Property Tax on Corporate Marketing Office | 70 | ||||||
| Cost of Warranty Repairs | 250 | ||||||
| Factory Jenitors' Wages | 60 | ||||||
| Cost of designing new plant lay out | 190 | ||||||
| Machine Operator's Health Insurance | 85 | ||||||
| Total | 1490 | 775 | 25 | 210 | 280 | 610 | |
| 2 | Total manufacturing overhead cost = Indirect material + Indirect labor + MOH = 25 + 210 + 280 = $515 | ||||||
| 3 | Total inventoriable product costs = Direct material + Direct labor + Total manuafcturing overheads = 1490+775+515 = $2780 | ||||||
| 4 | Total prime costs = Direct material + Direct labor = 1490 + 775 = $2265 | ||||||
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