Calculate the prime cost from the following information:Direct material purchased: R 100,000Direct material consumed: R 90,000Direct labour: R60,000* Direct expenses: R 20,000Manufacturing overheads: R 30,000

To determine the prime cost, which is the direct cost of producing a product, one must add up the…

Answered: Calculate the prime cost from the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

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Prime Cost is Rs. 72,000, Direct Material Cost is Rs. 45,000, Direct Expenses is Rs. 12,000. Calculate Direct Labour cost a. Rs. 15,000 b. Rs. 27,000 c. Rs. 60,000 d. Rs. 1,29,000
Compute conversion costs given the following data: direct materials, $351,100; direct labor, $207,700; factory overhead, $175,200 and selling expenses, $35,500. a.$139,700 b.$526,300 c.$734,000 d.$382,900
Q.5) Compute: i) Prime Cost ii) Factory CostMaterial = Rs. 75,000 ( 80% Direct )Labour = 100,000 ( 20 % Indirect )Conversion Cost = 180,000 (Indirect Material and Labour are included) Q.7) Compute: i) Direct Labour ii) Conversion Cost Factory Cost = Rs. 500,000Prime Cost = three-fifth of the Factory Cost.Direct Material = one-fifth of the Factory Cost.
Compute conversion costs given the following data: direct materials, $359,700; direct labor, $190,200; factory overhead, $197,100 and selling expenses, $47,700. a. $747,000 b. $149,400 c. $387,300 d. $556,800
Compute conversion costs given the following data: direct materials, $363,200; direct labor, $204,600; factory overhead, $192,100 and selling expenses, $39,100. a. $555,300 b. $759,900 O c. $153,000 od. $396,700
Calculate the direct expenses from the following information: Direct material RO 60,000, Direct labor RO 20,000, manufacturing overheads RO 30,000 and prime cost RO 170,000. a. RO 20,000 b. RO 90,000 c. RO 21,000 d. RO 18,000
What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $16,000 B. $50,000 C. $103,000 D. $120000
Describe the cost formula for a strictly fixed cost such as depreciation of 15,000 per year.
he following information from Feng company: Direct material $10,000- indirect material $ 5,000- direct labor $ 18,000- indirect labor $ 3,500- rent of assets $ 2,000- handling labor $ 1,900- screw and clips $ 1,500- utility $ 3,000. Requirement: 1- Calculate the total cost of production 2- Calculate prime cost 3- Calculate conversion cost
Compute conversion costs given the following data: direct materials, $353,000; direct labor, $208,700; factory overhead, $186,300 and selling expenses, $39,400.
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
Revenue Variable costs: Direct labor Direct materials Contribution margin Fixed costs Profit margin $0 O $10,000 ($25,000) ($10,000) product X $50,000 O $50,000 $20,000 $30,000 ? ? ? product Y $80,000 $30,000 $20,000 ? ? ? a total $130,000 The company allocates fixed costs based on direct labor dollars. Compute the profit margin for product line X. $50,000 $50,000 $30,000 $25,000 $5,000

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Calculate the prime cost from the following information: Direct material purchased: R 100,000 Direct material consumed: R 90,000 Direct labour: R60,000 * Direct expenses: R 20,000 Manufacturing overheads: R 30,000