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$83,000Wages paid to the workers who paint the figurines$90,000Wages paid to the sales manager's secretary$42,000Cost of junk mail advertising$59,000 What is the total of the conversion costs above

Conversion costs means cost incurred to convert raw material into finished goods. It includes direct…

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	$	83,000
Wages paid to the workers who paint the figurines	$	90,000
Wages paid to the sales manager's secretary	$	42,000
Cost of junk mail advertising	$	59,000

What is the total of the conversion costs above

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