Chaper $1-$ Graded Homework Assignment

Assume the following represent a subset of costs which have been incurred by "Play Hard", a producer of sporting equipment and sports apparel, for the year ended

$12/31/2023$:

The company operates out of one building which is shared by the office personnel and by the factory. Approximate square footage is split $75\%$ factory$/25\%$ office.

NOTE: There are $7$ total questions related to this data, make sure you answer them all! Show your work where necessary$/$where calculations are involved

for potential partial credit

$1$ In column $[$a$]$ of the table above, please indicate whether the cost would be classified as cither Direct Material $($DM$),$ Direct Labor $($DL$),$

Manufacturing overhead $($MOH$),$ Selling $($Sell$)$ or Administration $($Admin$).$

$2$ What is the total Conversion Cost of the company for $2023$ based on costs listed above?

$3$ What was the total Manufacturing Costs of the company for $2023$ based on costs listed above?

$4$ What amount would the company classify as Period Costs for $2023$ based on costs listed above?

$5$ In column $[$b$]$ of the table above, put an $\text{'}$ X $\text{'}$ corresponding with those costs that would be considered direct costs as it relates to the equipment product

line, specifically.

$6$ Assume Play Hard's revenues for $2023$ were $$9,250,000,$ show the calculation of the company's Contribution Margin below:

$7$ In column $[$c$|$ of the table above, put an $\text{'}$ X $\text{'}$ corresponding with those costs that the company would classify as "fixed"$--$as it relates to production

volume.