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Requirement 1 . Assuming the cost object is an airplane, classify each cost as one of the following: direct material ( DM ) , direct

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.)
Other
DM
DL
IM
IL
MOH
Period
Part 2Part 3
a.
Airplane seats. ...........................
$250
b.
Production supervisors' salaries. .............
$200
c.
Depreciation on forklifts in factory. ...........
$20
d.
Machine lubricants. .......................
$30
e.
Factory janitors' wages. ....................
25
f.
Assembly workers' wages. ..................
$680
g.
Property tax on corporate marketing offices. ...
$55
h.
Plant utilities. ............................
100
i.
Cost of warranty repairs. ...................
225
j.
Machine operators' health insurance. .........
90
k.
Depreciation on administrative offices. ........
100
l.
Cost of designing new plant layout. ...........
180
m.
Jet engines. .............................
800
Total. ......................................
$1,050
$770
$30
$225
$120
$560
Part 4
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.)
Total manufacturing
Indirect materials
+
Indirect labor
+
Other MOH
=
overhead costs
$30
+
$225
+
$120
=
$375
Part 5
Requirement 3. Calculate total product costs.
Determine the formula, then calculate the total product costs.

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