Calculate total manufacturing overhead costs. First determine the formula, then calculate the total manufacturing overhead costs. (Enter currency amounts in thousands and not in dollars.) Total manufacturing + + = overhead costs

1.

a. Airplane seats is classified as Direct material $220

b. Production supervisors' salaries is classified as Indirect Labour $100

c. Depreciation on forklift is classified as Other Manufacturing Overhead $30

d. Machine lubricants classified as Indirect Material $40

e. Factory janitors' wages classified as Indirect labour $35

f. Assembly workers' wages classified as Direct Labour $650

g. Property tax on corporate marketing offices classified as Period total $15

h. Plant utilities classified as other Manufacturing Overhead $190

I. Cost of warranty repairs classified as Period total $245

j. Machine operators' health insurance classified as Direct Labour $60

k. Depreciation on administrative offices classified as Period total $20

l. Cost of designing new plant layout classified as Period total $180

m. Jet engines classified as Direct material $1,700

1b.Total

Total Direct material $1,920

Total Direct labor $710

Total Indirect material$40

Total Indirect labor $135

Total Other Manufacturing Overhead $220

Total Period Total $460

2.Total manufacturing overhead costs $395

3.Total inventoriable product costs $3,025

4.Total prime costs $2,630

5.Total conversion costs $1,105

6.Total period costs $460

Explanation

1. Classification of each cost and the total for each type of cost

a. Airplane seats is classified as Direct material of the amount of $220

b. Production supervisors' salaries is classified as Indirect Labour of the amount of $100

c. Depreciation on forklift is classified as Other Manufacturing Overhead of the amount of $30

d. Machine lubricants classified as Indirect Material of $40

e. Factory janitors' wages classified as Indirect labour of $35

f. Assembly workers' wages classified as Direct Labour of $650

g. Property tax on corporate marketing offices classified as Period total of $15

h. Plant utilities classified as other Manufacturing Overhead of $190

I. Cost of warranty repairs classified as Period total of $245

j. Machine operators' health insurance classified as Direct Labour of $60

k. Depreciation on administrative offices classified as Period total of $20

l. Cost of designing new plant layout classified as Period total of $180

m. Jet engines classified as Direct material of $1,700

TOTAL for each of the costs

Total Direct material $1,920

($220+$1,700)

Total Direct labor $710

($650+$60)

Total Indirect material$40

Total Indirect labor $135

($100+$35)

Total Other Manufacturing Overhead $220 ($30+$190)

Total Period Total $460

($15+$245+$20+$180)

2.Calculation for the of the total manufacturing overhead costs

Using this formula

Manufacturing overhead costs=Indirect labor + Indirect materials + Other Manufacturing overhead

Let plug in the formula

Total manufacturing overhead costs=

$135 + $40 + $220

Total manufacturing overhead costs= $395

3.Calculation for the total inventory product costs.

Using this formula

Total inventoriable costs=Direct materials + Direct labor + Manufacturing overhead

Let plug in the formula

Total inventoriable product costs$1,920 + $710 + $395

Total inventoriable product costs= $3,025

4.Calculatation for total prime costs.

Using this formula

Prime costs=Direct materials + Direct labor

Prime costs=$1,920 + $710

Total prime costs=$2,630

5.Calculation for the total of the conversion costs.

Using this formula

Total conversion costs=Direct labor + Manufacturing overhead

Total conversion costs=$710 + $395

Total conversion costs= $1,105

6. Calculation for total period costs.

Using this formula

Total period costs=($15+$245+$20+$180)

Total period costs=$460

Property tax on corporate marketing offices classified as Period total of $15

Cost of warranty repairs classified as Period total of $245

Depreciation on administrative offices classified as Period total of $20

Cost of designing new plant layout classified as Period total of $180

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answer; capital structure decision;