The following information is available for Wonderway, Inc., for 2010.

The following information is available for Wonderway, Inc., for 2010.

 

Factory rent	$	29,600
Company advertising		20,600
Wages paid to laborers		85,100
Depreciation for president's vehicle		8,040
Indirect production labor		1,820
Utilities for factory		30,400
Production supervisor salary		31,100
President's salary		60,400
Direct materials used		35,400
Sales commissions		7,660
Factory insurance		13,800
Depreciation on factory equipment		26,900
Requirement 1:
Calculate the direct labor cost for Wonderway. (Omit the "$" sign in your response.)

 

Direct labor	$ 85,100
Requirement 2:
Calculate the manufacturing overhead cost for Wonderway. (Omit the "$" sign in your response.)

 

Manufacturing overhead	$ 133,620
Explanation: Manufacturing Overhead = $29,600 + $1,820 + $30,400 + $31,100 + $13,800 + $26,900 = $133,620 Requirement 3:
Calculate the prime cost for Wonderway. (Omit the "$" sign in your response.)

 

Prime cost

$ 120,500

Explanation:

Prime Cost = $35,400 + $85,100 = $120,500

Requirement 4:

Calculate the conversion cost for Wonderway. (Omit the "$" sign in your response.)

 

Conversion cost

$ 218,720

Explanation:

Conversion Cost = $85,100 + $133,620 = $218,720

Requirement 5:

Calculate the total manufacturing costs for Wonderway. (Omit the "$" sign in your response.)

 

Total manufacturing costs

$ 254,120

Explanation:

Total Manufacturing Costs = $35,400 + $85,100 + $133,620 = $254,120

Requirement 6:

Calculate the period expenses for Wonderway. (Omit the "$" sign in your response.)

 

Period expenses

$ 96,700

Explanation:

Period Expenses = $20,600 + $8,040 + $60,400 + $7,660 = $96,700