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…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4CDQ: How would each of the following costs be classified if units produced is the activity base? a....

See similar textbooks

Similar questions

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
If direct materials cost $200,000; direct labour costs $150,000 and manufacturing overhead costs $100,000 how much is the total conversion cost?
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
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
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.
Accounting
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
The following costs relate to Antonio Industries for the last quarter: Conversion cost Direct materials Manufacturing overhead Selling and administrative expense onio's prime cost for last quarter? Bolooo 1000 05000 $75,000 2. Antonio's total manufacturing cost is a. P 460,000 b. P 645,000 C. P 650,000 d. P 840,000 P 435,000 215,000 190,000 185,000
Given the following costs incurred in a recent period: Direct materials - P33,000 Depreciation on factory equipment - P12,000 Factory janitor’s salary - P23,000 Direct labor - P28,000 Utilities for factory - P9,000 Selling expenses - P16,000 Production supervisor’s salary - P34,000 Administrative expenses - P21,000. Determine the following values: • period cost • product cost • operating expenses
Assume RIOO 000 direct material was issued to the company. Direct labourpaid amounted to R30 000, Factory supervisor salary R4 000, Electricity forthe factory R3 000 and rent for the factory building was R20 000 . Supposethe Work - in - progress in the beginning of the year was R9 000 and at theend of the year was R6 000 . What is the value of the Finished goods that istransferred to the Sales department?A. R154 OOOB. R160 OOOC. R103 OOOD. R157 OOO

SEE MORE QUESTIONS

Recommended textbooks for you

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

Survey of Accounting (Accounting I)

Accounting

ISBN:

9781305961883

Author:

Carl Warren

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

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