Name: Mig - Homework #2 PROBLEM #1 - Categorized the costs provid: x" all that apply PRODUC PERIOD PRIME ONVERSION 1 Weekly wages of factory equipment maintenance worker 2 Super Bowl TV commercial cost for Ford trucks 3 Steel for the construction of a new interstate bridge 4 Magazine subscription costs for a doctor's waiting room 5 Cost of wood used in the construction of picnic tables 6 Wages of machinist who cuts plastic parts used in production 1 Wages of the secretary for the VP of Marketing 8 Cleaning supplies used by maintenance people in the factory. 9 Freight costs incurred to deliver to a customer 10 Heating bill for the selling and administration building 11 Fees paid for plant security services 12 Wages of custodian assigned to the Sales Department 13 Travel cost of salesman 14 Real Estate taxes on the factory building 15 Wages of construction orain operator PROBLEM 12 Llassy Brass Mig Lomakes brasstasteners and incurred the following costs to the month just ended Factory Materials & Supplies Brass 75,000 Replacement parts for machin 16,000 Machine Lubricants Compute the following amounts: 9,000 Factory Wages & Salaries Total Direct Labor Machine operators 128,000 Total Indirect Materials Production supervisors 64,000 Total Factory Overhead Maintenance personnel 41,000 Total Product Costs Other Costs Total Period Costs Factory Utilities 35,000 Total Prime Costs Factory Insurance 20,000 Total Conversion Costs Factory Taxes 26,000 Sales Commissions 15,000 Marketing Costs 5,000 Provide brief answers to the following questions: PROBLEM #3 - Questions What are the three cost elements of a manufactured What is the difference between direct and indirect materials? Why are indirect materials and indirect labor treated as factory overhead costs