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?
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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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?
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