Question

2. $150 6,000 750 1500 Opening stock of FAANH FAANH purchased during the week Closing stock of FAANH Glass purchased for table tops Labor hours worked Wages per hour Design engineer salary allocated to the job Indirect materials and utilities cost allocated to the job 300 120 7,500 9,000 Solve the following: 1- FAANH consumed = 2- Total direct materials cost = 3- Direct manufacturing labor cost= 4- Manufacturing overhead costs = 5. Prime costs 6- Conversion costs =

Answer 1

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FAANH
Answer 1
FAANH consumed	Amount $	Amount $
Opening stock of FAANH	150.00
Add: Material Purchases	6,000.00
Total available for use	6,150.00
Less: Closing stock of FAANH	750.00
FAANH consumed		5,400.00
Answer 2	Amount $	Amount $
FAANH consumed	5,400.00
Glass purchased	1,500.00
Total direct materials costs		6,900.00
Answer 3	Amount $	Amount $
Labor hours worked	300.00
Wages per hour	120.00
Direct Manufacturing Labor cost		36,000.00
Answer 4
Manufacturing Overhead costs	Amount $	Amount $
Design engineer salary allocated to the job	7,500.00
Indirect Materials and unities allocated to the job	9,000.00
Manufacturing Overhead costs		16,500.00
Answer 5
Prime costs	Amount $	Amount $
Total direct materials costs	6,900.00
Direct Manufacturing Labor cost	36,000.00
Prime costs		42,900.00
Answer 6
Conversion costs	Amount $	Amount $
Direct Manufacturing Labor cost	36,000.00
Manufacturing Overhead costs	16,500.00
Conversion costs		52,500.00