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I continue to get $309,000 for period costs but that isn't correct. the only cost i know that us right is the total prime cost.
I continue to get $309,000 for period costs but that isn't correct. the only cost i know that us right is the total prime cost.
The following cost data for the year just ended pertain to Sentiments, Inc., a greeting card manufacturer: Direct material Advertising expense Depreciation on factory building Direct labor: wages Cost of finished goods inventory at year-end Indirect labor! wages Production supervisor's salary Service department costs Direct labor: fringe benefits Indirect labor: fringe benefits Fringe benefits for production supervisor Total overtime premiums paid Cost of idle time: production employees Administrative costs Rental of office space for sales personnel Sales commissions Product promotion costs $2,300,000 97,000 116,000 465,000 115,000 142,000 47,000 100,000 103,000 30,000 10,000 55,000 40,000 150,000 15,000 5,000 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 materia Problem 2-42 Part 1 Required: 1. Compute each of the following costs for the year just ended: a. Total prime costs 1 $ 2,868,000 Required: 1. Compute each of the following costs for the year just ended: $ 2,868,000 a. Total prime costs b. Total manufacturing overhead costs c. Total conversion costs d. Total product costs e. Total period costs Step by Step Solution
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