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
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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
Transcribed Image Text: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
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