Skysong, Inc., has made a name for itself in the exquisitely fragrant candle market. It incurred a variety of costs over the past year as part of its manufacturing, selling, and administrative functions. The following is a partial list of the costs incurred: Marketing Direct labor Production supervisor salary Production utilities Sales supervisor salary Direct materials Depreciation on production equipment Prime costs $ $1,200 14,000 3,000 Conversion costs $ 1,500 2,400 9,000 What were the prime costs for Skysong this year? 8,000 What were the conversion costs for Skysong this year?

Skysong, Inc., has made a name for itself in the exquisitely fragrant candle market. It incurred a variety of costs over the past year as part of its manufacturing, selling, and administrative functions. The following is a partial list of the costs incurred: Marketing Direct labor Production supervisor salary Production utilities Sales supervisor salary Direct materials Depreciation on production equipment Prime costs $ $1,200 14,000 3,000 Conversion costs $ 1,500 2,400 9,000 What were the prime costs for Skysong this year? 8,000 What were the conversion costs for Skysong this year?

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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