Question 3 The following cost data for 2014 relate Simply Cards, a greetings card manufacturer: Direct material used in production 2,100,000 Advertising expense 99,000 Depreciation on factory building 115,000 Direct labour: wages 485,000 Cost of finished goods inventory at year- end 125,000 Indirect labour: wages 140,000 Production supervisor's salary 45,000 Other manufacturing overheads 100,000 Direct labour 95.000 Indirect labour: 85,000 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 expenses 10,000 Required: Calculate each of the following costs for 2014: a) Total prime costs. (4 marks) b) Total manufacturing overhead costs. (7 marks) c) Total conversion costs. (4 marks) d) Total product costs (4 marks) Total period costs. (6 marks) Question 3 The following cost data for 2014 relate Simply Cards, a greetings card manufacturer: Direct material used in production 2,100,000 Advertising expense 99,000 Depreciation on factory building 115,000 Direct labour: wages 485,000 Cost of finished goods inventory at year- end 125,000 Indirect labour: wages 140,000 Production supervisor's salary 45,000 Other manufacturing overheads 100,000 Direct labour 95.000 Indirect labour: 85,000 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 expenses 10,000 Required: Calculate each of the following costs for 2014: a) Total prime costs. (4 marks) b) Total manufacturing overhead costs. (7 marks) c) Total conversion costs. (4 marks) d) Total product costs (4 marks) Total period costs. (6 marks)