Goggles Company has the following information for the year 2019: Total manufacturing costs .....................P5,621,000 Total nonmanufacturing costs ............... 2,370,000 Factory overhead .................................... 1,859,400 Direct materials used ............................. 1,506,200 Indirect materials used .......................... 564,900 1.How much is the prime cost for the year? explanation 2.Compute for the conversion cost? explanation 3.Calculate direct labor employed for the year? explanation
Goggles Company has the following information for the year 2019: Total manufacturing costs .....................P5,621,000 Total nonmanufacturing costs ............... 2,370,000 Factory overhead .................................... 1,859,400 Direct materials used ............................. 1,506,200 Indirect materials used .......................... 564,900 1.How much is the prime cost for the year? explanation 2.Compute for the conversion cost? explanation 3.Calculate direct labor employed for the year? explanation
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Goggles Company has the following information for the year 2019:
Total
Total nonmanufacturing costs ............... 2,370,000
Factory overhead .................................... 1,859,400
Direct materials used ............................. 1,506,200
Indirect materials used .......................... 564,900
1.How much is the prime cost for the year? explanation
2.Compute for the conversion cost? explanation
3.Calculate direct labor employed for the year? explanation
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