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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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.
4
Transcribed Image Text: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. 4
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