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1. Smith Enterprises had the following costs: Direct Materials $428,000 Indirect Materials $242,000 Utilities for Office $23,800 Utilities for the factory $59,760 Depreciation on Factory
1. Smith Enterprises had the following costs: Direct Materials $428,000
Indirect Materials $242,000
Utilities for Office $23,800
Utilities for the factory $59,760
Depreciation on Factory Equipment $90,000 Depreciation on Office Equipment $75,000
Direct Labor $ 861,800
Indirect Labor $ 372,500
Salaries and Commissions for Sales staff $ 142,000
Salaries for Administrative Staff $322,000
Salary for CEO $187,000
Calculate the following Costs: A. Prime Costs
B. Conversion Costs
C. Period Costs
D. Product Costs
E. Total Cost of Manufactured Product
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