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(20 marks) EBY Metal Products reported the following components in its manufacturing costs for April 29 (in thousands): 2. Direct costs Direct materials Direct manufacturing labor salaries Subcontracting 430 (TL) 110 Manufacturing overhead: 40 Fringe benefits on direct manufacturing labor Production setup Other manufacturing overhead 240 Please note that Subcontracting Costs are treated as a direct cost item separate from direct materials Compute (a) prime costs and (b) the conversion costs of EBY Metal Products using the cost classifications described above
Question 2 130 marks). Consider the following data of the Campbell Company for the year 2016: S 2,000 Material handling costs 70 Lubricants and coolants 5,000 Miscellancousindirec manufacturing labor Direct manufacturing labor Direct materials, Jan 1, 2016 Finished goods, Jan 1, 2016 Finished goods, Dec 31, 2016 Work in process, Jan 1, 2016 Work in process, Dec 31, 2016 Plant leasing costs 300,000 40,000 100,000 10,000 54,000 36,000 4,000 3,000 460.000 plant equipment Fire insurance on plant equipment Direct materials purchased Direct materials, Dee 31, 2016 260 Sales Sales salaries Shipping costs 60,000 Administration costs 100,000 a Prepare an imcome statement with a separate supporting schedule of cost of goods Suppose that direct materials costs are tied to the productio the unit cost for ihe direct materials assigned to each unit produced? b. 1260, α 446.0” teret
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