Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used in production$66,000Wages paid to the workers who paint the figurines$94,000Wages paid to the sales manager's secretary$26,000Cost of junk mail advertising$43,000 What is the total of the conversion costs above?

Direct labor: It is the cost of salaries and wages incurred directly to produce a product. This cost…

Answered: Vignana Corporation manufactures and…

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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Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year:


Cost of clay used in production	$	66,000
Wages paid to the workers who paint the figurines	$	94,000
Wages paid to the sales manager's secretary	$	26,000
Cost of junk mail advertising	$	43,000

What is the total of the conversion costs above?

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