105 Question: 105A company's prime costs total $5,300,000 and its conversion coststotal $9,300,000. If direct materials are $2,150,000 and factoryoverhead is $6,150,000, then direct labor is:

Prime costs include direct materials and direct labor.Prime costs = Direct materials + Direct…

Answered: Question: 105 A company's prime costs…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

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The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $16,000 B. $50,000 C. $103,000 D. $120000
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
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.
Then direct labor is
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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. . .
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Company XYZ has total prime cost of $6,000 and total conversion cost of $12,000. Assume that manufacturing overhead cost is three times the direct labor cost, how much is the direct materials cost? Select one: O a. 9,000 O b. 4,000 O c. 6,000 O d. 3,000 O e. None of the given answers
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.
Compute conversion costs given the following data: direct materials, $397,000; direct labor, $192,200; factory overhead, $201,100 and selling expenses, $36,800. a.$393,300 b.$164,300 c.$790,300 d.$598,100
Choose the correct letter of answer: The following information relates to ABC Manufacturing: Prime Cost is P 150,000, Direct Labor is P 60,000 and Conversion cost is P 200,000. How much is the total manufacturing cost? a. P 350,000 b. P 260,000 c. P 300,000 d. P 290,000

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Question: 105 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: