In Fisher LTD, directmaterials are $12000,labor $15000manufacturingdirectandoverhead is$9000.What is the amount of(a) prime cost(b) conversion cost?

Formulas:1. Prime Cost = Direct Materials + Direct Labot 2. Conversion Cost = Direct Labor +…

Answered: In Fisher LTD, direct materials are…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the data to prepare the cost statement and Income statement by use the Total cost and Variable Cost. Production capacity (6000 ) unit, direct materials (35000 )D. Indirect materials ( 15000 )D., direct wages ( 25 000 )D., Indirect wages (30000 )D. direct expenses ( 25000 )D., Indirect expenses ( 30 000 )D.[ 10000 V., 20000 F.). direct marketing cost (13000 )D. Indirect marketing cost ( 12000 )D.( 10000 V. 2000 F. ). Administration cost (22000 )D., number of F.G.L (1000 )unit . The selling price ( 2500 )D., to unit.
Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $175; Variable costs per unit includes: Direct material $60, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $45,000. What is the contribution margin percentage? O a. 56.6% O b. 61.1% O c. None of the given answers d. 50.9% Ое. 49.1%
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If the LHK Company had a per unit cost that was $5 when 400 units were produced and a per unit cost of $4 when 500 units were produced, the cost is a
Please help me with show all calculation thanku
A company's prime costs total $3,100,000 and its conversion costs total $7,100,000. If direct materials are $1,050,000 and factory overhead is $5,050,000, then direct labor is: Multiple Choice • $4,000,000. . • $2,050,000. $14,200,000. • $1,000,000. $3,100,000. . .
Crane Industries has equivalent units of 7000 for materials and for conversion costs. Total manufacturing costs are $111000. Total materials costs are $90000. How much is the conversion cost per unit? $15.86. $3.00. $28.71. $12.86.
The cost of direct labor was 58000. The charging rate of the CBS was 25% of the cost of direct labour. how much is the CBS?
Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $175; Variable costs per unit includes: Direct material $60, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs ?$10; Annual fixed costs $45,000. What is the contribution margin percentage 61.1% .a O None of the given answers .b O 49.1% .c O 50.9% d O 56.6% .e O

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In Fisher LTD, direct materials are $12000, labor $15000 manufacturing direct and overhead is $9000. What is the amount of (a) prime cost (b) conversion cost?