Reference no: EM132573655

The following cost data for 2014 relate to Simply Cards, a greetings card manufacturer:

Direct material used in production - 2,100,000

Advertising expense 99,000

Depreciation on factory building 115,000

Direct labour: wages 485,000

Cost of finished goods inventory at year-end 125,000

Indirect labour: wages 140,000

Production supervisor's salary 45,000

Other manufacturing overheads 100,000

Direct labour: 95,000

Indirect labour: 85,000

Cost of idle time: production employees 40,000

Administrative costs 150,000

Rental of office space for sales personnel 15,000

Sales commissions 5,000

Product promotion expenses 10,000

Required:

Question 1: Calculate each of the following costs for 2014:

a) Total prime costs.

b) Total manufacturing overhead costs.

c) Total conversion costs.

d) Total product costs

e) Total period costs.