Question
Sentiments, Inc., is a greeting card manufacturer. The following selected cost data is for the year ended December 31. Description Dollar Amount Cost of delivery
Sentiments, Inc., is a greeting card manufacturer. The following selected cost data is for the year ended December 31.
| Description | Dollar Amount |
| Cost of delivery to customers | $16,000 |
| President's salary costs | $120,000 |
| Marketing costs | $49,000 |
| Supervisor salary (factory) | $90,000 |
| Printing ink for cards | $52,000 |
| Factory equipment depreciation | $32,000 |
| Factory utility costs | $24,000 |
| Assembly line worker's wages | $102,000 |
| Sales commission | $92,000 |
| Lubricants for factory equipment | $4,000 |
| Pulp paper costs | $128,000 |
| Property taxes on factory | $18,000 |
| Admin costs (head office) | $68,000 |
Calculate
Total prime costs for the year
Total conversion costs for the year
Step by Step Solution
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Step: 1
To calculate the total prime costs for the year you need to add up the direct costs of ma...
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
