Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. If the cost object is an airplane, classify each cost as one of the following: direct material (DM), direct labour (DL), indirect labour (IL),

image text in transcribedimage text in transcribed

1.

If the cost object is an airplane, classify each cost as one of the following: direct material (DM), direct labour (DL), indirect labour (IL), indirect materials (IM), other manufacturing overhead (other MOH), or period cost. What is the total for each type of cost?

2.

Calculate total manufacturing overhead costs.

3.

Calculate total inventoriable product costs.

4.

Calculate total prime costs.

5.

Calculate total conversion costs.

6.

Calculate total period costs.

An aircraft manufacturer incurred the following costs last month in thousands of dollars): (Click the icon to view the costs.) Requirements Requirement 1. If the cost object is an airplane, classify each cost as one of the following: direct material (DM), direct labour (DL), indirect labour (IL), indirect materials (IM), other manufacturing overhead (other MOH), or period cost. What is the total for each type of cost? Let's begin by classifying each cost, and then we will calculate the total. (Leave any unused cells blank.) i Requirements - X Other DM OL I M IL MOH Period a. Airplane seats 1. If the cost object is an airplane, classify each cost as one of the following: direct b. Depreciation on administrative offices ........ material (DM), direct labour (DL), indirect labour (IL), indirect materials (IM). other manufacturing overhead (other MOH), or period cost. What is the total for C. Assembly workers' wages. each type of cost? d. Plant utilities 2. Calculate total manufacturing overhead costs. 3. Calculate total inventoriable product costs. e. Production supervisors' salaries. 4. Calculate total prime costs. f. Jet engines 5. Calculate total conversion costs. 6. Calculate total period costs. g. Machine lubricants Enter any number in the edit fields and then click Check Answer. Print Done 290 690 210 150 1,200 . a. Airplane seats .............$ b. Depreciation on administrative offices ......... c. Assembly workers' wages.......... d. Plant utilities e. Production supervisors' salaries... f Jet engines g. Machine lubricants h. Depreciation on forklifts ... Property tax on corporate marketing office Cost of warranty repairs k. Factory janitors' wages. I. Cost of designing new plant layout. ........... m. Machine operators' health insurance ......... Total $ 3,390

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting And Reporting

Authors: Barry Elliott, Jamie Elliott

19th Edition

1292255994, 9781292255996

More Books

Students also viewed these Accounting questions

Question

List and describe three contingency leadership theories.

Answered: 1 week ago