Conversion cost - br700,000 Direct material cost - 240,000 Factory overhead cost - 20% of total manufacturing cost Compute the amount of factory overhead cost, direct labor cost and prime cost

Q: From the following calculate the total production cost. Indirect factory expenses…

A: The production cost includes all the manufacturing costs incurred directly or indirectly.

Q: labor cost $12,000 and Direct labor is 30% of prime cost. Manufacture costs were 86000, the…

A: Prime Cost : Prime Cost is total direct Cost of production including raw material, direct labour and…

Q: The following costs relate to Antonio Industries for the last quarter: Conversion cost Direct…

A: Prime cost refers to the sum of direct material and direct labor of the entity.

Q: Given the following costs incurred in a recent period: Direct materials - P33,000 Depreciation on…

A: Product cost refers to the costs incurred that are related to the factory> Expenses incurred in…

Q: Find the Prime Cost, conversion Cost, Cost of production, total Cost and profit    from the…

A: Prime cost =direct material +direct labour Conversion Cost =direct labour +manufacturing /factory…

Q: Marinette Company makes several products, including canoes. The company has been experiencing losses…

A: Fixed costs can be divided into direct fixed costs that are related to a specific product or segment…

Q: Mine Company produced 1,000 units of a product at a selling price of P95.00 each. Direct materials…

A: Calculation of gross profit are as follows

Q: The Assembly Department of​ Protocol, Inc., manufacturer of​ computers, incurred $250,000 in direct…

A: Cost per equivalent unit of production for direct materials = Total direct material costs…

Q: Total Manufacturing Costs   ₱325,000 Applied Overhead Costs,  75% of direct labor cost…

A: Conversion costs are those costs incurred to convert raw materials into finished goods. Conversion…

Q: A company manufactures 1000units of outputs using 5000units of materials @ GH¢30 each, and pays…

A: Total product cost means the cost incurred to produce the goods and total expenses means the total…

Q: Direct materials $ 78,000     Direct labor $ 40,000     Manufacturing overhead $ 18,000…

A: Period cost is the cost incurred for the particular period. This cost can not be allocated to any…

Q: Given the following information, determine the markup per unit. Direct materials $76,000 Direct…

A: Markup per unit should cover both the desired profits and indirect costs incurred.

Q: The following costs relate to Antonio Industries for the last quarter: P 435,000 215,000 190,000…

A: Prime cost constitutes all Direct materials & Direct labor involved in the manufacturing of the…

Q: he following information from Feng company: Direct material $10,000- indirect material $ 5,000-…

A: Prime cost = Direct material + Direct labour Conversion cost = Direct labour + Manufacturing…

Q: The TOYO Manufacturing Company has the following financial information: ·         Manufacturing…

A: Total cost of manufacturing = costs of direct materials used + direct labor costs + manufacturing…

Q: Mine Company produced 1,000 units of a product at a selling price of P95.00 each. Direct materials…

A: Product cost are all manufacturing cost. Period cost are all cost which were not included in…

Q: If the cost of the beginning work in process inventory is $70,400, costs of goods manufactured is…

A: Ending Work in Process Inventory :— It is the cost of uncompleted inventory at the end of the…

Q: Mine Company produced 1,000 units of a product at a selling price of P95.00 each. Direct materials…

A: Variable cost are change with the production level . Calculation of total variable cost are as…

Q: Calculate the direct expenses from the following information: Direct material RO 60,000, Direct…

A: Formula: Prime cost = Direct material + Direct labor + Direct expenses

Q: Q.8)    Compute: i) Direct Labour ii) Conversion Cost Factory Cost = Rs. 800,000 Prime Cost =…

A: I am answering the first question as per bartleby guidelines. Please re-submit the remaining…

Q: The Lite Manufacturing Company has the following financial information: ·         Manufacturing…

A: Solution: Manufacturing overhead = 300,800 Direct labor = Manufacturing overhead / 50% = 300,800 /…

Q: Items 24 to 27 are based on the following information: Direct materials purchased P50,000 Ending…

A: Total manufacturing cost = Cost of goods manufactured + Increase in work in process inventory…

Q: GG Merchandise manufactures two products. Product A has 800 units produced, require 200 material…

A: Material handling costs per moves = Total material handling costs / Total no. of moves Material…

Q: The following cost relate to XYZ Corp for the year: Sales commission expenses P 185,000 Direct…

A: In this question we are require to calculate the total manufacturing(Product) cost. Manufacturing…

Q: Find the Prime Cost, conversion Cost, Cost of production, total cost, and profit from the following:…

A: Prime cost means the addition of direct material and direct labor. Conversion cost means the…

Q: Activity: Compute Prime/Conversion/Product/ Period costs The financial statements of Mother G…

A: Prime costs are those costs that are directly related to the manufacturing of the product such as…

Q: Abbott Company's manufacturing overhead is 20% of its total conversion costs. If direct labor is…

A: Formula: Total conversion cost = Direct labor + Manufacturing overhead

Q: Prime cost is 86000 OMR, Cost of production 84600 OMR, Opening stock of work in progress is 20000,…

A: Formula: unit production cost = Total Cost of production / Manufacturing units

Q: Hobbs Company produces one product for which following is information is available. Product A S per…

A: The margin of safety sales are calculated as difference between current sales and break even sales.

Q: The Absorption Costing Income Statement of a company is as follows: Normal Capacity in units 25,000…

A: (i) Break-even Sales Rupees: Break even Sales Rupees = Fixed CostsContribution margin per unit Here…

Q: adison Industries has equivalent units of 8,000 for materials and for conversion costs. Total…

A: The right answer is $ 6.25.

Q: ABD Company's manufacturing overhead is 20% of its total conversion costs. If direct labor is…

A: Given  Direct Labour Php 1900000 Direct Materials Php 1700000 Manufacturing Overheads is 20% of the…

Q: Direct labor cost $136,000 Direct materials cost 80,000 Equipment depreciation (straight-line)…

A: The cost can be classified into two categories i.e fixed cost and variable cost. The  Fixed cost…

Q: The following cost relate to COBEED for the year: Distribution Cost 123,000 Direct Materials…

A: Conversion costs = Direct Labour + Factory overhead               456,000 = Direct Labour + 111,000…

Q: In Mordica Company, total materials costs are $ 33,000, and total conversion costs are $ 54,000.…

A: Direct materials cost can be defined as the expenses on material directly incurred in manufacturing…

Q: Costs of manufactured are 958000 OMR, Prime cost is 866000 OMR, and Factory overheads are 12 % of…

A: Cost of goods manufactured = $958,000 Prime cost = $866,000 Fatory overhead = $103,920 (866,000*12%)…

Q: Compute conversion costs given the following data: Direct Materials, $364,700; Direct Labor,…

A: Conversion Cost: The cost that includes direct labor and factory overheads is reported as conversion…

Q: For producing 200 units of product a company uses P60,000 of direct materials, pays P70,000 of…

A: Fixed overhead per unit when 450000 units produced = Total fixed overhead/ no. of units =…

Q: Madison Industries has equivalent units of 4,000 for materials and for conversion costs. Total…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Q.3 Compute Factory Cost: Direct Material = Rs. 50,000 Conversion Cost = 150,000 Prime Cost =…

A: I am answering the first question as per bartleby guidelines. Please re-submit the remaining…

Q: Company's manufacturing overhead is 40% of its total conversion costs. If direct labor is $36,000…

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: Mine Company produced 1,000 units of a product at a selling price of P95.00 each. Direct materials…

A: Period cost is the cost that could not be capitalized such as selling expenses, marketing expenses,…

Q: Muscat Company has a beginning and ending work in process inventories of OMR 130,000 and OMR 145,000…

A:

Q: For producing 200 units of product, a company uses P60,000 of direct materials, pays P70,000 of…

A: Cost is defined as the cash and cash equivalent spent on products or related services that will…

Q: Compute conversion costs given the following data: direct materials, $353,800; direct labor,…

A: Solution- Conversion costs are the costs involved in converting the direct material into the product…

Q: Crane Industries has equivalent units of 7000 for materials and for conversion costs. Total…

A: GIVEN THAT, TOTAL MANUFACTURING COST = $111000 MATERIALS COST = $90000 EQUIVALENT UNITS FOR…

Q: Dani Corp incurred costs of P50,000 for direct materials (raw) purchased. Direct labor was P60,000…

A: Cost of goods manufactured consist of the costs incurred for making of an product which includes…

Q: The costs incurred in the manufacture of 75,000 units of a product are: Direct materials $80,000…

A: Variable Cost Per Unit: Variable cost per unit includes the cost of production for each unit…

Q: Prime cost, P301,000 Gross Profit, P100,000 or 20% of sales Cost of Goods Available for Sale,…

A:

Q: A company manufactures 1000units of outputs using 5000units of materials @ GHC30 each, and pays…

A: Total product costs = Material cost  + indirect production expense + administrative expense = (5000…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.