Q. In January, a company incurred a total product cost of $465,000, Conversion costs were 70% of overall product costs, while prime costs were 60% of overall product costs. How much are direct labor costs? ANS. $

Q. In January, a company incurred a total product cost of $465,000, Conversion costs were 70% of overall product costs, while prime costs were 60% of overall product costs. How much are direct labor costs? ANS. $

Name: Q. In January, a company incurred a total product cost of $465,000, C
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Description: Q. In January, a company incurred a total product cost of $465,000, Conversion costs were 70% of overall product costs, while primecosts were 60% of overall product costs. How much are direct labor costs?ANS. $

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter15: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 3CMA: A firm has 100,000 in direct materials costs, 50,000 in direct labor costs, and 80,000 in overhead....

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Similar questions

Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
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