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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 labor (DL), indirect labor
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 X DM DL IM IL MOH Period Data Table a. Airplane seats b. Production supervisors' salaries C. Depreciation on forklifts in factory a. Airplane seats 280 A A d. Machine lubricants b. 130 C. Production supervisors' salaries Depreciation on forklifts in factory Machine lubricants $ 120 d. $ 40 e. $ 10 $ 630 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 $ 15 $ 140 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 m. Jet engines $ 240 $ 50 $ 30 $ 160 Total $ 800 Requirement 2. Calculate total manufacturing overhead costs. First determine the formula, then calculate the total manufacturing overhead costs. (Enter currency amounts in thousands and no Print Done Total manufacturing + overhead costs + + 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 overhead costs + + Data Table - + + Requirement 3. Calculate total product costs. Determine the formula, then calculate the total product costs. (Enter currency amounts in thousands and not in dollars.) a. Airplane seats $ 280 $ 130 + + Total product costs $ C. + 120 + $ 40 Requirement 4. Calculate total prime costs. e. $ 10 Determine the formula, then calculate the total prime costs. (Enter currency amounts in thousands and not in dollars.) $ 630 + = Total prime costs $ 15 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 I. Cost of designing new plant layout m. Jet engines + = $ 140 Requirement 5. Calculate total conversion costs. $ 240 $ 50 Determine the formula, then calculate the total conversion costs. (Enter currency amounts in thousands and not in dollars.) $ 30 + = Total conversion costs $ 160 + = $ 800 Requirement 6. Calculate total period costs. (Enter currency amounts in thousands and not in dollars.) The total period costs are thousand Print Done
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