Correct answer Question: 1.5Acompany's prime costs total $5,300,000 and itsconversion costs total $9,300,000. If direct materialsare $2,150,000 and factory overhead is $6,150,000, thendirect labor is:a. $4,000,000.b. $18,600,000.c. $3,150,000.d. $1,000,000.e. $5,300,000.

Prime costs are the sum of direct materials and direct labor, while conversion costs are the sum of…

Answered: Question: 1.5 A company's prime costs…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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B. Find the cost of a product Different costs are presented below Direct materials $ 5.00 per unit Indirect materials $ 2.00 per unit Direct labor $ 10.00 per hour Indirect labor $ 3.00 per hour Other variable indirect costs $ 6.00 per hour Other fixed indirect costs $ 10.00 per unit Commissions to sellers $ 4.00 per unit Variable administrative costs $ 6.00 per unit Fixed Administrative Costs $ 10.00 per unit 1. Determine the cost of making each unit. When it says hourly, it refers to hours of direct labor. It takes 15 minutes for the company to make each product. .
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Direct material $0.10, Direct laber is $0.25, Variable Overhead is $0.10, Fixed overhead is $0.40 what is the fixed costs per unit, the total cost per unit, and gross margin if 1,600,000 units were produced?
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Q.5) Compute: i) Prime Cost ii) Factory CostMaterial = Rs. 75,000 ( 80% Direct )Labour = 100,000 ( 20 % Indirect )Conversion Cost = 180,000 (Indirect Material and Labour are included) Q.7) Compute: i) Direct Labour ii) Conversion Cost Factory Cost = Rs. 500,000Prime Cost = three-fifth of the Factory Cost.Direct Material = one-fifth of the Factory Cost.
A Cothing Manufacturing Company provides the following unit costs associated with one of its products: Direct materials. Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Operating costs Total $160 50 55 32 30 $327 What are the period costs per unit associated with the Product? O A $30 O B. $33 OC. $100 O D. $17
Then direct labor is

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Question: 1.5 A company's prime costs total $5,300,000 and its conversion costs total $9,300,000. If direct materials are $2,150,000 and factory overhead is $6,150,000, then direct labor is: a. $4,000,000. b. $18,600,000. c. $3,150,000. d. $1,000,000. e. $5,300,000.