Question
Requirement 1 . Assuming the cost object is an airplane, classify each cost as one of the following: direct material (DM), direct labor (DL), indirect
Requirement 1. Assuming the cost object is an airplane, classify each cost as one of the following: direct material (DM), direct labor (DL), indirect labor (IL), indirect materials (IM), other manufacturing overhead (other MOH), or period cost. What is the total for each type of cost? (Enter currency amounts in thousands and not in dollars. If an input field is not used in the table leave the input field empty; do not enter a zero.)
Requirement 2. Calculate total manufacturing overhead costs.
First determine the formula, then calculate the total manufacturing overhead costs. (Enter currency amounts in thousands and not in dollars.)
X i Data Table a. Airplane seats... $ 270 $ 200 C. $ 70 $ 10 e. $ 40 $ 660 b. Production supervisors' salaries Depreciation on forklifts in factory.. d. Machine lubricants.... Factory janitors' wages f. Assembly workers' wages g. Property tax on corporate marketing office ... h. Plant utilities .... i. Cost of warranty repairs. .. j. Machine operators' health insurance... k. Depreciation on administrative offices 1. Cost of designing new plant layout 30 $ 170 $ 210 $ 55 $ 100 $ 155 m. Jet engines . $ 1,300 DM DL IM IL MOH Period a. Airplane seats b. Production supervisors' salaries. C. Depreciation on forklifts in factory d. Machine lubricants e. Factory janitors' wages. f. Assembly workers' wages. . g. Property tax on corporate marketing offices h. Plant utilities i. Cost of warranty repairs . j. Machine operators' health insurance k. Depreciation on administrative offices 1. Cost of designing new plant layout. . m. Jet engines.. Total Total manufacturing + + overhead costs Requirement 3. Calculate total product costs. Determine the formula, then calculate the total product costs. (Enter currency amounts in thousands and not in dollars.) + + = Total product costs + + Requirement 4. Calculate total prime costs. Determine the formula, then calculate the total prime costs. (Enter currency amounts in thousands and not in dollars.) + = Total prime costs + Requirement 4. Calculate total prime costs. Determine the formula, then calculate the total prime costs. (Enter currency amounts in thousands and not in dollars.) + = Total prime costs + Requirement 5. Calculate total conversion costs. Determine the formula, then calculate the total conversion costs. (Enter currency amounts in thousands and not in dollars.) + Total conversion costs + Requirement 6. Calculate total period costs. (Enter currency amounts in thousands and not in dollars.) The total period costs are thousand
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