Chris Corporation manufactures metal chips. The following data was available for the year: Raw materials purchase: P 90,000 Direct labor: 50,000 Total manufacturing costs: 219,000 Decrease in raw materials inventory: 4,000 Decrease in work in process inventory: 21,000 Increase in finished good inventory: 45,000 Gross margin ratio: 40% How much is the conversion cost for the period? * O a. P 125,000 O b. P 129,000 O C.P 133,000 O d. P 144,000
Chris Corporation manufactures metal chips. The following data was available for the year: Raw materials purchase: P 90,000 Direct labor: 50,000 Total manufacturing costs: 219,000 Decrease in raw materials inventory: 4,000 Decrease in work in process inventory: 21,000 Increase in finished good inventory: 45,000 Gross margin ratio: 40% How much is the conversion cost for the period? * O a. P 125,000 O b. P 129,000 O C.P 133,000 O d. P 144,000
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 23E: Orinder Company provided the following information for the last calendar year: During the year,...
Related questions
Question
100%
QUESTION 32
Cost Accounting
Choose the answer from the choices
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning