Kindly help me with general accounting question Mayfair Manufacturing's manufacturing overhead is 75% of itstotal conversion costs. If direct labor is $42,000 and directmaterials are $30,000, what is the manufacturing overhead?a. $126,000b. $54,000c. $108,000d. $31,500

Step 1: Definition of Manufacturing OverheadManufacturing overhead includes all indirect costs…

Answered: Mayfair Manufacturing's manufacturing…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
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A firm has 100,000 in direct materials costs, 50,000 in direct labor costs, and 80,000 in overhead. Which of the following is true? a. Prime costs are 150,000; conversion costs are 180,000. b. Prime costs are 130,000; conversion costs are 150,000. c. Prime costs are 150,000; conversion costs are 130,000. d. Prime costs are 180,000; conversion costs are 150,000.
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Mayfair Manufacturing's manufacturing overhead is 75% of its total conversion costs. If direct labor is $42,000 and direct materials are $30,000, what is the manufacturing overhead? a. $126,000 b. $54,000 c. $108,000 d. $31,500