Calculate the conversion costs for Facey Company Depreciation on sales office $10,000 Depreciation on factory equipment $15,000 Factory supervisor salary $60,500 Sales commissions $25,000 Lubricants used in factory equipment $4,500 Insurance costs for factory $11,000 Wages paid to maintenance workers $105,000 Fabric used to upholster furniture $30,000 Freight-in (on raw materials) $3,000 Costs of delivery to customers $8,000 Wages paid to assembly-line workers $155,500 Lumber used to build product $82,000 Utilities in factory $44,500 Utilities in sales office $26,000
Calculate the conversion costs for Facey Company Depreciation on sales office $10,000 Depreciation on factory equipment $15,000 Factory supervisor salary $60,500 Sales commissions $25,000 Lubricants used in factory equipment $4,500 Insurance costs for factory $11,000 Wages paid to maintenance workers $105,000 Fabric used to upholster furniture $30,000 Freight-in (on raw materials) $3,000 Costs of delivery to customers $8,000 Wages paid to assembly-line workers $155,500 Lumber used to build product $82,000 Utilities in factory $44,500 Utilities in sales office $26,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Calculate the conversion costs for Facey Company
| Depreciation on sales office | $10,000 |
| Depreciation on factory equipment | $15,000 |
| Factory supervisor salary | $60,500 |
| Sales commissions | $25,000 |
| Lubricants used in factory equipment | $4,500 |
| Insurance costs for factory | $11,000 |
| Wages paid to maintenance workers | $105,000 |
| Fabric used to upholster furniture | $30,000 |
| Freight-in (on raw materials) | $3,000 |
| Costs of delivery to customers | $8,000 |
| Wages paid to assembly-line workers | $155,500 |
| Lumber used to build product | $82,000 |
| Utilities in factory | $44,500 |
| Utilities in sales office | $26,000 |
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