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The following information is available for a firm:
| Factory rent | $ | 29,900 | |
| Company advertising | 21,000 | ||
| Wages paid to laborers | 83,700 | ||
| 8,100 | |||
| Indirect production labor | 1,860 | ||
| Utilities for factory | 31,200 | ||
| Production supervisor's salary | 30,700 | ||
| President's salary | 60,600 | ||
| Direct materials used | 35,400 | ||
| Sales commissions | 7,660 | ||
| Factory insurance | 13,500 | ||
| Depreciation on factory equipment | 27,100 | ||
Required:
1. Calculate the direct labor cost for Wonderway.
2. Calculate the manufacturing
3. Calculate the prime cost for Wonderway.
4. Calculate the conversion cost for Wonderway.
5. Calculate the total
6. Calculate the period expenses for Wonderway.
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- The following information is available for Wonderway, Incorporated, for the current year: 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 $ 29,300 20,800 85,200 8,050 1,880 31,900 30,700 60,800 34,900 7,530 13,100 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 Wonderway. 4. Calculate the conversion cost for Wonderway. 5. Calculate the total manufacturing cost for Wonderway. 6. Calculate the period expenses for Wonderway. 4Kline Manufacturing has the following labor costs. Factory - Gross wages = $195,000 Factory - Net wages = $160,000 Employer Payroll Taxes Payable = $25,000 The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for what amount?Lakeview Manufacturing has the following factory labour costs: Factory-Gross wages $284,000 Production Manager Salaries $46,000 Sales Salaries $54,000 How much should Lakeview include as Factory Labour to record these amounts? Select one: a. $284,000 b. $384,000 c. $338,000 d. $330,000
- Factory overhead includes a.direct materials and direct labor b.indirect materials and direct materials c.factory rent and direct labor d.indirect labor and indirect materials Which of the following is an example of a factory overhead cost? a.insurance premiums on salespersons' automobiles b.factory heating and lighting cost c.president's salary d.repair and maintenance cost on the administrative building If the market rate of interest is 7%, the price of 6% bonds paying interest semiannually with a face value of $500,000 will be A. greater than $500,000 B. equal to $500,000 C. less than $500,000 D. greater than or less than $500,000, depending on the maturity date of the bondsMetlock Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information $13,300 10.870 3,340 Manufacturing overhead 42,120 69,440 118,480 7,000 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used Determine the total amount of manufacturing overhead.. $59,480 39,820 2.150 1,130 1,720 12.900 2,260 suJackson Furniture Company provided the following manufacturing costs for the months of June Direct labor costs $120,000 62,000 Direct materials costs Equipment depreciation (straight-line) Factory insurance Factory manager's salary Janitor's salary Packaging costs Property taxes on the factory From the above information, calculate Jackson's total fixed costs. OA. $279,700 OB. $64,100 OC. $78,900 OD. $68,400 27,000 10,500 10,000 14,800 18,800 16,600
- Sage Hill Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: (a) $16,900 Manufacturing overhead $ 13,870 4,540 54,120 88,640 152,080 9,400 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used Determine the total amount of manufacturing overhead. $76,280 50,620 2,750 1,490 2,200 16,500 2,860Skysong Company reports the following costs and expenses in May. Factory utilities $14,200 Direct labor $63,680 Depreciation on factory equipment 11,620 Sales salaries 42,520 Depreciation on delivery trucks 3,640 Property taxes on factory building 2,300 Indirect factory labor 45,120 Repairs to office equipment 1,220 Indirect materials 74,240 Factory repairs 1,840 Direct materials used 126,880 Advertising 13,800 Factory manager’s salary 7,600 Office supplies used 2,410 Determine the total amount of manufacturing overhead. Manufacturing overhead $enter the manufacturing overhead in dollars Determine the total amount of product costs. Product costs $enter the product costs in dollarsSkysong Company reports the following costs and expenses in May. Factory utilities $14,200 Direct labor $63,680 Depreciation on factory equipment 11,620 Sales salaries 42,520 Depreciation on delivery trucks 3,640 Property taxes on factory building 2,300 Indirect factory labor 45,120 Repairs to office equipment 1,220 Indirect materials 74,240 Factory repairs 1,840 Direct materials used 126,880 Advertising 13,800 Factory manager’s salary 7,600 Office supplies used 2,410 From the information: Determine the total amount of manufacturing overhead. Manufacturing overhead $enter the manufacturing overhead in dollars Determine the total amount of product costs. Product costs $enter the product costs in dollars
- Windsor Company reports the following costs and expenses in May. Factory utilities $18,700 Direct labor $84,680 Depreciation on factory equipment 15,370 Sales salaries 56,020 Depreciation on delivery trucks 5,140 Property taxes on factory building 3,050 Indirect factory labor 60,120 Repairs to office equipment 1,670 Indirect materials 98,240 Factory repairs 2,440 Direct materials used 168,880 Advertising 18,300 Factory manager’s salary 10,600 Office supplies used 3,160 1) Determine the total amount of manufacturing overhead. Manufacturing overhead $ 2) Determine the total product cost. Product cost $ 3) Determine the total period cost. Period cast $Burnham Industries incurs the following costs for the month: Direct materials $1,900 Direct labor 3,100 Factory depreciation expense 3,300 Factory utilities expense 750 CEO's salary 3,900 A. What is the prime cost? B. What is the conversion cost?Kline Manufacturing has the following labor costs: Factory-Gross wages Factory Net wages Employer Payroll Taxes Payable O $470,000. The entry to record the cost of factory labor and the associated payroll tax expense will include a debit to Factory Labor for O $450,000. O $550,000. O $500,000. — $500,000 420,000 50,000
