In the manufacture of 9,300 units of a product, direct materials cost incurred was $173,000, direct labor cost incurred was $106,400, and appliedfactory overhead was $42,600. What is the total conversion cost?Oa. $322,000Ob. $149,000Oc. $42,600(PreviousNexttems3:27 PMre to searcha53°F Sunny12/14/2021144delete144asnedshiftomealtctrlUSE YOUR SMARTPHONE FORRevlows Vdans Fes

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Description: In the manufacture of 9,300 units of a product, direct materials cost incurred was $173,000, direct labor cost incurred was $106,400, and appliedfactory overhead was $42,600. What is the total conversion cost?Oa. $322,000Ob. $149,000Oc. $42,600(Prev

Conversion costs comprise direct labour and overhead prices incurred as a result of the…

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factory overhead was $42,600. What is the Oa. $322,000 Ob. $149,000 Oc. $42,600 Od. $173,000

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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In the manufacture of 9,300 units of a product, direct materials cost incurred was $173,000, direct labor cost incurred was $106,400, and applied
factory overhead was $42,600. What is the total conversion cost?
Oa. $322,000
Ob. $149,000
Oc. $42,600
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