A company's prime costs total$3,100,000 and its conversion costs total$7,100,000. If direct materials are$1,050,000 and factory overhead is$5,050,000, then direct labor is:Multiple Choice• $4,000,000..• $2,050,000.$14,200,000.• $1,000,000.$3,100,000...

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Description: A company's prime costs total$3,100,000 and its conversion costs total$7,100,000. If direct materials are$1,050,000 and factory overhead is$5,050,000, then direct labor is:Multiple Choice• $4,000,000..• $2,050,000.$14,200,000.• $1,000,000.$3,100,000

The Conversion costs are the product cost which consist of Direct labor and the overhead…

Business

Accounting

A company's prime costs total $3,100,000 $7,100,000. $1,050,000 and factory overhead is $5,050,000, then direct labor is: Multiple Choice and its conversion costs total If direct materials are . $4,000,000. • $2,050,000. $14.200.000.

A company's prime costs total $3,100,000 $7,100,000. $1,050,000 and factory overhead is $5,050,000, then direct labor is: Multiple Choice and its conversion costs total If direct materials are . $4,000,000. • $2,050,000. $14.200.000.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

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