A firm incurred the following costs in a year to manufacture 850,000 units of its single product: - Direct material costs: $1,350,000 - Direct wages for workers: $350,000 - Overheads (rent and general expenses): $950,000. Required: Compute the prime, conversion, and total costs using appropriate equations as they may apply.

Answer rating: 100% (QA)

To compute the prime conversion and total costs well use the following formu... View the full answer