Refer to the following data:

Direct material used $150 000 

Selling costs $5 000 

Indirect labour $7 000 

Administrative costs $10 000 

Depreciation on factory equipment $70 000 

Direct labour $40 000 

Overtime premiums paid $20 000 

Indirect materials $45 000 

What are the conversion costs:

Group of answer choices 

$150 000

$142 000

$182 000

$190 000

Answer rating: 100% (QA)

Conversion costs are the expenses incurred to convert raw materials into finished goods These includ... View the full answer