Time left c In February direct labor was 60% percent of conversion cost. If the manufacturing overhead cost for the month was $78,000 and the direct materials cost was $22,000, the direct labor cost was: O a $33,000 Ob. $52,000 Oc $117,000 Od $14,667

Time left c In February direct labor was 60% percent of conversion cost. If the manufacturing overhead cost for the month was $78,000 and the direct materials cost was $22,000, the direct labor cost was: O a $33,000 Ob. $52,000 Oc $117,000 Od $14,667

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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Concept explainers

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit. Overhead expenses depend upon the nature of the business operations.

Question

Time left 0:18:02
In February direct labor was 60% percent of conversion cost. If the manufacturing overhead cost for the month was $78,000 and the
direct materials cost was $22,000, the direct labor cost was:
O a $33,000
Ob. $52,000
Oc $117,000
Od. $14,667

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