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Kruka [31]
3 years ago
13

The following information is available for Wonderway, Inc., for 2018: Factory rent $ 28,300 Company advertising 20,200 Wages pai

d to laborers 84,200 Depreciation for president's vehicle 8,190 Indirect production labor 1,900 Utilities for factory 30,600 Production supervisor's salary 30,800 President's salary 61,100 Direct materials used 35,600 Sales commissions 7,530 Factory insurance 13,700 Depreciation on factory equipment 27,400 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.
Business
1 answer:
garri49 [273]3 years ago
8 0

Answer:

Please see answers below

Explanation:

1. Direct labor costs = wages paid to labourers

= $84,200

2. Manufacturing overhead costs = Factory rent + indirect production labor + utilities for factory + production supervisor's salary + factory insurance + depreciation on factory equipment

= $28,300 + $1,900 + $30,600 + $30,800 + $13,700 + $27,400

= $132,700

3. Prime cost = Direct labor + Direct material

= $84,200 + $35,600

= $119,800

4. Conversion cost = Direct labor + Manufacturing overhead

= $84,200 + $132,700

= $216,900

5. Total manufacturing cost = Direct labor + Direct material + Manufacturing overhead

= $84,200 + $35,600 + $132,700

= $252,500

6. Period expense = Company advertising + Depreciation for president vehicle + President's salary + Sales commission

= $20,200 + $8,190 + $61,100 + $7,530

= $97,020

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A recession is a business cycle recession which occurs in a general slowdown in financial activity. Macroeconomic indicators such as GDP, finance spending, capacity utilization, household income, business profits, and inflation fall, while failures and the unemployment rate rise.

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Your question is incomplete, but most probably your full question was:

1. Which of the following institutions makes up the largest part of the Federal Reserve System organization?

A. Board of Governors

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7 0
2 years ago
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Net income = $3,560

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                                       Romney's Marketing Company

                                        Multi-step income statement

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Gross profit                                                          = 37,250

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Depreciation expense                       = $1,750

Utilities expense                                = $320

Insurance expense                            = $780

Rent expense                                     = $9,800

Total operating expense                   = ($31,650)

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