Using the following information, what is the total for conversion costs? Indirect labor ** 29,000 Manufacturing...
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Using the following information, what is the total for conversion costs? Indirect labor ** 29,000 Manufacturing direct labor Advertising 199,000 110,000 Sales commissions 37,000 Lease on manufacturing plant 154,000 150,000 Depreciation on sales staff cars Manufacturing direct materials Factory janitor's salary 81,000 55,000 Chief financial officer's salary $75,000 Total $890,000 Indirect labor * is a variable cost O $437,000 O $280,000 O $474,000 O $587,000 O $408,000 The choice of an inventory costing method does not impact a company's balance sheet. True O False Using the following information, what is the total for conversion costs? Indirect labor ** 29,000 Manufacturing direct labor Advertising 199,000 110,000 Sales commissions 37,000 Lease on manufacturing plant 154,000 150,000 Depreciation on sales staff cars Manufacturing direct materials Factory janitor's salary 81,000 55,000 Chief financial officer's salary $75,000 Total $890,000 Indirect labor * is a variable cost O $437,000 O $280,000 O $474,000 O $587,000 O $408,000 The choice of an inventory costing method does not impact a company's balance sheet. True O False
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Solution Answer 1 The correct answer is Conversion cost 437000 Explanation Conversion costs are cost... View the full answer
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Posted Date:
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