Prime Cost and Conversion CostPiper Consulting Company incurred the following during 2016Direct labor$12,000Overhead18,000Selling expenses16,000Administrative expenses14,000Calculate prime cost and conversion cost for Piper Consulting Company during 2016.Prime cost: Conversion cost:

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Business

Management

Calculate prime cost and conversion cost for Piper Consulting Company during 2016.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Prime Cost and Conversion Cost

Piper Consulting Company incurred the following during 2016

Direct labor	$12,000
Overhead	18,000
Selling expenses	16,000
Administrative expenses	14,000

Calculate prime cost and conversion cost for Piper Consulting Company during 2016.

Prime cost:
Conversion cost:

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