Sophmore-Acct 200-Bonus 1

Sophmore-Acct 200-Bonus 1 - 9,000 9,000 Total overtime...

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Name: Joseph Goldstein Section: 002 Instructions: Answer question 1 using this template. Remember to also answer questions 2 on page 70. Accounting 200 Problem 2-42 Student Worksheet 1) Item Prime MOH Conversion Product Period Direct Material 2,100,000 2,100,000 Advertising Expense 99,000 Depreciation on factory building 115,000 115,000 115,000 Direct labor: Wages 485,000 485,000 Cost of finished goods inventory at year-end 115,000 Indirect labor: Wages 140,000 140,000 140,000 Production supervisor's salary 45,000 45,000 45,000 Service department costs 100,000 100,000 100,000 Direct labor:fringe benefits 95,000 95,000 95,000 Indirect labor:fringe benefits 30,000 30,000 30,000 Fringe benefits for production supervisor 9,000
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Unformatted text preview: 9,000 9,000 Total overtime premiums paid 55,000 55,000 55,000 Cost of idle time: production employees 40,000 40,000 40,000 Administrative costs 150,000 Rental of office space for sales personnel 15,000 Sales commissions 5,000 Production promotion costs 10,000 TOTAL $2,680,000 $534,000 $629,000 $3,214,000 $394,000 2) The $15,000 used for rental of office space for sales personel is an opportunity cost. It is an opportunity cost because the expense is made as a rusult of the choice to convert the sales offices into storage space for raw materials. This represents my own individual work. Signature:______________________________...
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This note was uploaded on 04/11/2008 for the course ACCT 200 taught by Professor Dickkochanek during the Spring '08 term at UConn.

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