XYZ Manufacturing Company had the following data for the month of June 2020: Direct materials R400 000
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Question:
XYZ Manufacturing Company had the following data for the month of June 2020:
Direct materials R400 000
Direct labour R600 000
Manufacturing overheads R300 000
Selling and administrative expenses (70% variable, 30% fixed) R480 000
Manufacturing overheads is a mixed cost and is based on the number of units produced.
1) Calculate the prime cost.
2) Calculate the conversion cost.
3) Calculate the product cost.
4) Calculate the period cost.
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