The total conversion cost for company XYZ was three times the prime cost. The direct labor cost was$20,000 while the direct materials cost was $30,000. How much was the manufacturing overheadcost ($)?a.120,000b. 130,000O c.None of the given answersO d. 90,000O e. 150,000 Company XYZ made total contribution margin of $500,000 and a net income of $120,000. Thecompany also made a total gross margin of $390,000. Assume that the variable selling andadministrative expenses were $160,000, how much is the fixed manufacturing cost ($)?O a. 270,000O b. 270,000O c. 380,000d. None of the given answerse.110,000

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Description: The total conversion cost for company XYZ was three times the prime cost. The direct labor cost was$20,000 while the direct materials cost was $30,000. How much was the manufacturing overheadcost ($)?a.120,000b. 130,000O c.None of the given answersO

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The total conversion cost for company XYZ was three times the prime cost. The direct labor cost was $20,000 while the direct materials cost was $30,000. How much was the manufacturing overhead cost ($)? a. 120,000 b. 130,000 O c. None of the given answers O d. 90,000 O e. 150,000

The total conversion cost for company XYZ was three times the prime cost. The direct labor cost was $20,000 while the direct materials cost was $30,000. How much was the manufacturing overhead cost ($)? a. 120,000 b. 130,000 O c. None of the given answers O d. 90,000 O e. 150,000

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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