Help me please asap.Don't use any AI.It's strictly prohibited. ine following information is available for wonderway, incorporated, for the current year:Factory rentCompany advertisingWages paid to laborersDepreciation for president's vehicleIndirect production laborUtilities for factoryProduction supervisor's salaryPresident's salaryDirect materials usedSales commissionsFactory insuranceDepreciation on factory equipment3. 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.Required:1. Calculate the direct labor cost for Wonderway.2. Calculate the manufacturing overhead cost for Wonderway.Answer is complete but not entirely correct.$84,300 X$89,270 X$120,100 x$3,570$ 209,370 X$108,510 x$ 28,70020,30083,8008,1601,89031,50030,70061,00034,9007,6401. Direct Labor Cost2. Manufacturing Overhead3. Prime Cost4. Conversion Cost5. Total Manufacturing Cost6. Period Expenses13,40027,600

“Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

ine Tollowing information is available for wonderway, incorporated, for the current year: $ 28,700 20,300 83,800 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 8,160 1,890 31,500 30,700 61,000 34,900 7,640 13,400 27,600 Required: 1. Calculate the direct labor cost for Wonderway. 2. Calculate the manufacturing overhead cost for Wonderway. 3. Calculate the prime cost for Wonderway.

ine Tollowing information is available for wonderway, incorporated, for the current year: $ 28,700 20,300 83,800 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 8,160 1,890 31,500 30,700 61,000 34,900 7,640 13,400 27,600 Required: 1. Calculate the direct labor cost for Wonderway. 2. Calculate the manufacturing overhead cost for Wonderway. 3. Calculate the prime cost for Wonderway.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Help me please asap.

Don't use any AI.

It's strictly prohibited.

ine 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
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.
Required:
1. Calculate the direct labor cost for Wonderway.
2. Calculate the manufacturing overhead cost for Wonderway.
Answer is complete but not entirely correct.
$
84,300 X
$
89,270 X
$
120,100 x
$
3,570
$ 209,370 X
$
108,510 x
$ 28,700
20,300
83,800
8,160
1,890
31,500
30,700
61,000
34,900
7,640
1. Direct Labor Cost
2. Manufacturing Overhead
3. Prime Cost
4. Conversion Cost
5. Total Manufacturing Cost
6. Period Expenses
13,400
27,600

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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