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 $ 29,900 19,100 85,200 8,200 1,810 31,700 31,600 60,700 35,000 3. Calculate the prime cost for Wonderway. 1. Calculate the conversion cost for Wonderway. 5. Calculate the total manufacturing cost for Wonderway. 5. Calculate the period expenses for Wonderway. 7,550 12,400 27,500 Required: 1. Calculate the direct labor cost for Wonderway. 2. Calculate the manufacturing overhead cost for Wonderway.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 3DQ: Which of the following costs would be included in the cost of a manufactured product according to...
icon
Related questions
Question
please give me answer q2,q4,q5
E1-11 (Algo) Classifying and Calculating Costs [LO 1-4]
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
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.
1. Direct Labor Cost
2. Manufacturing Overhead
3. Prime Cost
4. Conversion Cost
5. Total Manufacturing Cost
6. Period Expenses
$ 29,900
19, 100
85,200
8,200
1,810
$ 85,200
$ 90,910 x
$
120,200
$
176,820 X
$
211,110 x
$
95,550
31,700
31,600
60, 700
35,000
7,550
12,400
27,500
Transcribed Image Text:E1-11 (Algo) Classifying and Calculating Costs [LO 1-4] 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 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. 1. Direct Labor Cost 2. Manufacturing Overhead 3. Prime Cost 4. Conversion Cost 5. Total Manufacturing Cost 6. Period Expenses $ 29,900 19, 100 85,200 8,200 1,810 $ 85,200 $ 90,910 x $ 120,200 $ 176,820 X $ 211,110 x $ 95,550 31,700 31,600 60, 700 35,000 7,550 12,400 27,500
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Cost classification
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning