solution ch2 for class ex

solution ch2 for class ex - PROBLEM 2-37 1. a. Total prime...

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Unformatted text preview: PROBLEM 2-37 1. a. Total prime costs: Direct material..................................................................................... $ 1,050,000 Direct labor: Wages............................................................................................. 242,500 Fringe benefits................................................................................ 47,500 Total prime costs................................................................................. $ 1,340,000 b. Total manufacturing overhead: Depreciation on factory building.......................................................... $ 57,500 Indirect labor: wages........................................................................... 70,000 Production supervisor's salary............................................................. 22,500 Service department costs.................................................................... 50,000 Indirect labor: fringe benefits............................................................... 15,000 Fringe benefits for production supervisor............................................ 4,500 Total overtime premiums paid............................................................. 27,500 Cost of idle time: production employees.............................................. 20,000 Total manufacturing overhead............................................................. $ 267,000 c. Total conversion costs: Direct labor ($242,500 + $47,500)....................................................... $ 290,000 Manufacturing overhead..................................................................... 267,000 Total conversion costs........................................................................ $ 557,000 d. Total product costs: Direct material..................................................................................... $1,050,000 Direct labor..........................................................................................Direct labor....
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solution ch2 for class ex - PROBLEM 2-37 1. a. Total prime...

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