Describe the total prime cost and total conversion cost, Accounting Basics

Describe the total prime cost and total conversion cost

Definitions of manufacturing concepts Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended: Materials and supplies used Brass $75,000 Repair parts 16,000 Machine lubricants 9,000 Wages and salaries Machine operators 128,000 Production supervisors 64,000 Maintenance personnel 41,000 Other factory overhead Variable 35,000 Fixed 46,000 Sales commissions 20,000 Compute: a. Total direct materials consumed b. Total direct labor c. Total prime cost d. Total conversion cost

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Accounting Basics: Describe the total prime cost and total conversion cost

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Accounting Basics: Describe the total prime cost and total conversion cost

Reference No:- TGS0715827

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Find maximum sustainable torque-tubular shaft can handle

Q : Calculate the new equipment for the entire five year

Q : Speeds of the two balls just before they hit the ground

Q : How to received first semiannual interest

Q : Describe the total prime cost and total conversion cost

Q : Determine the height to which gymnast a will rise

Q : What is the shape of the trajectory

Q : Explain how these cash flows will appear in the company

Q : Pizzas for a special charity event

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Describe the total prime cost and total conversion cost

Reference No:- TGS0715827

Recent Questions Asked Accounting Basics

Q : Find maximum sustainable torque-tubular shaft can handle

Q : Calculate the new equipment for the entire five year

Q : Speeds of the two balls just before they hit the ground

Q : How to received first semiannual interest

Q : Describe the total prime cost and total conversion cost

Q : Determine the height to which gymnast a will rise

Q : What is the shape of the trajectory

Q : Explain how these cash flows will appear in the company

Q : Pizzas for a special charity event

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