Homework Answers
| Solution |
| 1 |
| Direct labour cost: |
| Wages paid to labourers=$83,900 |
| Total=$83,900 |
| 2 |
| Manufacturing overhead: |
| Factory rent=29,600 |
| Indirect production labour=$1940 |
| Utilities for factory=$30,600 |
| Production supervisior salary=$30,900 |
| Factory insurance=$13,000 |
| Depriciation on factory equipment=$26,700 |
| Total manufacturing overhead=$132,740 |
| 3 |
| Prime cost: |
| Direct labour=$83,900 |
| Direct material=$34,900 |
| Total prime cost=$118,800 |
| 4 |
| Conversion cost: |
| Direct labour=$83,900 |
| Manufacturing overhead=$132,740 |
| Total conversion cost=$216,640 |
| 5. Total manufacturing cost: |
| DL + DM +MOH |
| $83,900+$34,900+$132,640 |
| $251,440 |
| 6 |
| Period expense: |
| Company advertising + depriciation for president vehicle + president salary + sales commission |
| $19,400+$8160+$61000+$7620 |
| $96,180 |
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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 $ 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...
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...
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...
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