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5 Apr 2018
EXERCISE 2-9 Cost Terminology for Manufacturers [LO2-2, LO2-3] Arden Company reported the following costs and expenses for the most recent month: Direct materials ......... Direct labor ... Manufacturing overhead ..... Selling expenses ....... Administrative expenses . . . . . ... $80,000 $42,000 $19,000 $22,000 $35,000 Required: 1. What is the total amount of product costs? 2. What is the total amount of period costs? 3. What is the total amount of conversion costs? 4. What is the total amount of prime costs?
EXERCISE 2-9 Cost Terminology for Manufacturers [LO2-2, LO2-3] Arden Company reported the following costs and expenses for the most recent month: Direct materials ......... Direct labor ... Manufacturing overhead ..... Selling expenses ....... Administrative expenses . . . . . ... $80,000 $42,000 $19,000 $22,000 $35,000 Required: 1. What is the total amount of product costs? 2. What is the total amount of period costs? 3. What is the total amount of conversion costs? 4. What is the total amount of prime costs?
Deanna HettingerLv2
8 Apr 2018
Related questions
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month:
| Direct materials | $ | 82,000 | |||||||||||||||||||||
| Direct labor | $ | 41,500 | |||||||||||||||||||||
| Variable manufacturing overhead | $ | 20,200 | |||||||||||||||||||||
| Fixed manufacturing overhead | 31,900 | ||||||||||||||||||||||
| Total manufacturing overhead | $ | 52,100 | |||||||||||||||||||||
| Variable selling expense | $ | 14,600 | |||||||||||||||||||||
| Fixed selling expense | 23,200 | ||||||||||||||||||||||
| Total selling expense | $ | 37,800 | |||||||||||||||||||||
| Variable administrative expense | $ | 5,300 | |||||||||||||||||||||
| Fixed administrative expense | 27,600 | ||||||||||||||||||||||
| Total administrative expense | $ | 32,900 | |||||||||||||||||||||
| 3. With respect to cost classifications for manufacturers: a. What is the total manufacturing cost? b. What is the total nonmanufacturing cost? c. What is the total conversion cost and prime cost?
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