Classify and calculate a manufacturer's costs (Learning Objectives 2 & 4) An airline manufacturer incurred the following costs last month (in thousands of dollars).
a. Airplane seats $300
b. Production supervisors' salaries $110
c. Depreciation on forklifts in factory $90
d. Machine lubricants $30
e. Factory janitors' wages $50
f. Assembly workers' wages $630
g. Property tax on corporate marketing offices $20
h. Plant utilities $140
i. Cost of warranty repairs $230
j. Machine operators' health insurance $40
k. Depreciation on administrative offices $100
I. Cost of designing new plant layout $160 m. Jet engines $1,400 Requirements
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?
2. Calculate total manufacturing overhead costs.
3. Calculate total product costs.
4. Calculate total prime costs.
5. Calculate total conversion costs.
6. Calculate total period costs.
Answers: 1
Other questions on the subject: Business
Business, 22.06.2019 04:10, jennifer9983
Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.
Answers: 2
Business, 22.06.2019 11:10, nat8475
The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.
Answers: 3
Do you know the correct answer?
Classify and calculate a manufacturer's costs (Learning Objectives 2 & 4) An airline manufacture...
Questions in other subjects:
Physics, 13.04.2021 04:40
Mathematics, 13.04.2021 04:40
Mathematics, 13.04.2021 04:40
Physics, 13.04.2021 04:40
Mathematics, 13.04.2021 04:40
