Direct material used $$80,000$

Direct labour incurred $120,000$

Overhead $(30\%$ variable$)100,000$

Adm. Exp. $(40\%$ Direct, $70\%$ variable$)60,000$

Calculate the followings:

a$.$ Fixed Costs:

b$.$ Variable costs:

c$.$ Direct Costs:

d$.$ Indirect costs:

e$.$ Product Costs:

f$.$ Period Costs:

g$.$ Prime Costs:

h$.$ Conversion Costs