Question: Additional Cost Classifications PA 5 . LO 2 . 2 Wachowski Company reported these cost data for the year 2 0 2 3 .

Additional Cost Classifications
PA5. LO 2.2 Wachowski Company reported these cost data for the year 2023.
\begin{tabular}{|lr|}
\hline Factory maintenance costs & \(\$ 90,000\)\\
\hline Direct labor, wages & 352,000\\
Direct labor, health insurance & 32,000\\
Indirect labor, health insurance & 15,000\\
Health insurance for production supervisor & 6,500\\
Administrative costs & 55,000\\
Rental of office space for administrative staff & 17,500\\
Sales commissions & 52,500\\
Direct material & \(1,230,000\)\\
Indirect materials & 632,000\\
Advertising expense & 39000\\
Depreciation on factory building & 62,000\\
Indirect labor, wages & 70,000\\
Production supervisor's salary & 32,000\\
\hline
\end{tabular}
Using the above data, fill in the correct amounts for:
1. Total prime costs \(\$ \)\(\square \)
2. Total manufacturing overhead costs \(\$ \)\(\square \)
3. Total conversion costs \(\$ \)\(\square \)
4. Total product costs \(\$ \)\(\square \)
5. Total period costs \$ \(\square \)
Additional Cost Classifications PA 5 . LO 2 . 2

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!