The following cost data for the current year relate to Heartstrings Pty Ltd, a greeting cards...

 

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The following cost data for the current year relate to Heartstrings Pty Ltd, a greeting cards manufacturer: Service department costs' $ 200 000 Direct labour: wages 970 000 Direct labour: on-costs 190 000 Indirect labour; on-costs 60 000 On-costs for production supervisor 18 000 Administrative costs 300 000 Rental of office space for sales personnel? 30 000 Sales commissions 10 000 Product promotion costs 20 000 Direct material 4 200 000 Advertising expense 198 000 Depreciation on factory building 230 000 Cost of finished goods inventory at year end 230 000 Indirect labour: wages 280 000 Production supervisor's salary 90 000 Total overtime premiums paid 110 000 Cost of idle time: production employees 80 000 Required: Calculate each of the following costs for the year: 1. total prime costs 2. total manufacturing overhead costs 3. total conversion costs 1. total product costs (for external reporting purposes) 5. total period costs. The following cost data for the current year relate to Heartstrings Pty Ltd, a greeting cards manufacturer: Service department costs' $ 200 000 Direct labour: wages 970 000 Direct labour: on-costs 190 000 Indirect labour; on-costs 60 000 On-costs for production supervisor 18 000 Administrative costs 300 000 Rental of office space for sales personnel? 30 000 Sales commissions 10 000 Product promotion costs 20 000 Direct material 4 200 000 Advertising expense 198 000 Depreciation on factory building 230 000 Cost of finished goods inventory at year end 230 000 Indirect labour: wages 280 000 Production supervisor's salary 90 000 Total overtime premiums paid 110 000 Cost of idle time: production employees 80 000 Required: Calculate each of the following costs for the year: 1. total prime costs 2. total manufacturing overhead costs 3. total conversion costs 1. total product costs (for external reporting purposes) 5. total period costs.