subject
Business, 27.01.2020 23:31 Tcareyoliver

The following cost data for the year just ended pertain to sentiments, inc., a greeting card manufacturer:

direct material $2,100,000
advertising expense 98,000
depreciation on factory building 116,000
direct labor: wages 490,000
cost of finished goods inventory at year-end 115,000
indirect labor: wages 141,000
production supervisor's salary 47,000
service department costs^ 100,000
direct labor: fringe benefits 106,000
indirect labor: fringe benefits 31,000
fringe benefits for production supervisor 10,000
total overtime premiums paid 55,000
cost of idle time: production employees 40,000
administrative costs 150,000
rental of office space for sales personnel 15,000
sales commissions 5,000
product promotion costs 10,000
^all services are provided to manufacturing departments. cost of idle time is an overhead item; it is not included in the direct-labor wages given above.

the rental of sales space was made necessary when the sales offices were converted to storage space for raw material.

required:

compute each of the following costs for the year just ended:

1)total prime costs

2)total manufacturing overhead costs

3)total conversion costs

4)total product costs

5)total period costs

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 17:50
Identify which of the twelve basic functions listed below fit the description given.
Answers: 1
question
Business, 21.06.2019 21:00
The plastic flowerpots company has two manufacturing departments, molding and packaging. at the beginning of the month, the molding department has 2,100 units in inventory, 70% complete as to materials. during the month, the molding department started 18,500 units. at the end of the month, the molding department had 3,150 units in ending inventory, 80% complete as to materials. units completed in the molding department are transferred into the packaging department. cost information for the molding department for the month follows: beginning work in process inventory (direct materials) $ 1,300 direct materials added during the month 28,900 using the weighted-average method, compute the molding department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (round "cost per equivalent unit of production" to 2 decimal places.)
Answers: 1
question
Business, 22.06.2019 17:30
The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?
Answers: 1
question
Business, 22.06.2019 21:10
You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?
Answers: 1
You know the right answer?
The following cost data for the year just ended pertain to sentiments, inc., a greeting card manufac...
Questions
question
Mathematics, 05.09.2020 19:01
Questions on the website: 13722363