The total prime cost for company XYZ was twice theconversion cost. The direct labor cost was $10,000 whilethe manufacturing overhead cost was $25,000. Howmuch was the direct materials cost ($)?O a. 60,000O b. 50,000O c. 70,000O d. 45,000e. None of the given answers

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Description: The total prime cost for company XYZ was twice theconversion cost. The direct labor cost was $10,000 whilethe manufacturing overhead cost was $25,000. Howmuch was the direct materials cost ($)?O a. 60,000O b. 50,000O c. 70,000O d. 45,000e. None of t

Prime costs = Direct material costs + Direct labour cost Conversion cost = Direct labour cost +…

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The total prime cost for company XYZ was twice the conversion cost. The direct labor cost was $10,000 while the manufacturing overhead cost was $25,00O. How much was the direct materials cost ($)? O a. 60,000 O b. 50,000 O c. 70,000 O d. 45,000 O e. None of the given answers

The total prime cost for company XYZ was twice the conversion cost. The direct labor cost was $10,000 while the manufacturing overhead cost was $25,00O. How much was the direct materials cost ($)? O a. 60,000 O b. 50,000 O c. 70,000 O d. 45,000 O e. None of the given answers

FINANCIAL ACCOUNTING

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Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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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. . .
A company provided the following information about its one and only product: $45,000 $30,000 $42,000 $8,000 $28,000 $12,000 $20 10,000 Direct material used Direct labour Fixed factory overhead Fixed Selling & administrative expenses Variable factory overhead Variable Selling & administrative expenses Selling price per unit Units produced The unit cost of a unit under the absorption costing approach is? a. $10.30 O b. $16.50 O c. $14.50 O d. $5.00
West Co.'s manufacturing costs are as follows: Direct material and direct labor Other variable manufacturing costs $700,000 $100,000 Depreciation of factory building and manufacturing equipment $80,000 Other fixed manufacturing overhead $18,000 What amount should be considered product costs for external reporting purposes if the company uses absorption costing? A. $700,000 B. $800,000 C. $880,000 D. $898,000
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A company manufactures 1000units of outputs using 5000units of materials @ GHC30 each, and pays factory workers, indirect production expenses, and administrative expense of GHC100000, GHC50000, and GHC30000 respectively. If the company sold two-thirds of the goods produced, the total product cost as well as total expenses for the given period is O A. GHC300000 and GHC200000 respectively O B. GHC200000 and GHC30000 respectively OC. GHC230000 and GHC30000 respectively D. GHC300000 and GHC230000 respectively
ok t For each of the following independent cases (A to E), compute the missing values in the table: Case A C D E Prime Conversion Cost Cost $ 9,560 $ 16,470 $ 57,300 110,600 48,750 Direct Materials 3,950 10,130 41,500 20,500 Direct Manufacturing Labor Overhead 7,400 12,650 14,400 $ 10,860 25,200 24,300 Total Manufacturing Cost 42,730 69,250 57,500
23. Pilipe, Inc. at its current production capacity of 200,000 machine hours. At this point total overhead costs amounted to 560,000. Of this amount 360,000 amounts to depreciation expense. Inspection costs 60,000 (all variable). The remaining costs are communication costs (mixed costs). At 85,000 production capacity, communication expenses were P64,000. 2 machine hours are needed to produce 1 unit. (Round your answers to two decimal places). How much is the variable cost per machine hour?