Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended: Materials and
Question:
Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended:
Materials and supplies used
Brass..................$75,000
Repair parts...............16,000
Machine lubricants ..............9,000
Wages and salaries Machine operators ...128,000
Production supervisors ...........64,000
Maintenance personnel ..........41,000
Other factory overhead Variable .......35,000
Fixed ..................46,000
Sales commissions.............20,000
Compute:
a. Total direct materials consumed
b. Total direct labor
c. Total prime cost
d. Total conversion cost
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Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-0078025662
10th edition
Authors: Ronald Hilton, David Platt
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