Presented below are Panetta Ltd’s monthly costs and expenses data relating to its bowling shoes:rn

 Required: 

1). From the above information, calculate the total amount of: 

(a) Prime cost.

(b) Manufacturing overhead. 

(c) Conversion cost.

(d) Period cost.
rn

Transcribed Image Text:

Rubber used to make shoe soles $175 200 Rent on factory building 7500 Sales commissions paid to sell bowling shoes 42 000 Wages of assembly line workers 80 000 Salaries of factory supervisor 7000 Depreciation on factory equipment 16 000 Depreciation on delivery trucks 4000 Rubber used to make shoe soles $175 200 Rent on factory building 7500 Sales commissions paid to sell bowling shoes 42 000 Wages of assembly line workers 80 000 Salaries of factory supervisor 7000 Depreciation on factory equipment 16 000 Depreciation on delivery trucks 4000

Answer rating: 100% (QA)

a Prime cost 255200 dollars b Manufacturing overhead 30500 dollars c Conversion costs 1... View the full answer