The following costs were incurred in August: Direct Materials ........... $20,000 Direct Labor ........... $18,000 Manufacturing (Factory)

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The following costs were incurred in August:

Direct Materials ........... $20,000

Direct Labor ........... $18,000

Manufacturing (Factory) Overhead .. $21,000

Selling and Administrative Expenses .. $37,000

(1) What is the amount of the prime costs?

(2) What is the amount of the period costs?

(3) What is the amount of the conversion costs?

(4) What is the amount of the product costs?

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Accounting for Decision Making and Control

ISBN: 978-0078025747

8th edition

Authors: Jerold Zimmerman

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Question Posted: May 20, 2013 08:01 AM

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The following costs were incurred in August: Direct Materials ........... $20,000 Direct Labor ........... $18,000 Manufacturing (Factory)

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1 Prime cost direct material direct labor 20000 18000 38...View the full answer

Accounting for Decision Making and Control

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