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Zubi Pty Ltd prepared a summary showing the following expected costs for a production level of 50,000 units:
Direct labour $ 80,000
Fixed manufacturing overhead 60,000
Fixed selling and administration 110,000
Variable manufacturing overhead 30,000
Variable manufacturing 250,000
Variable selling 70,000
Question 1: Calculate the following TOTAL costs:
a. Conversion cost
b. Product cost
c. Prime cost
d. Period cost
e. Expected manufacturing overhead cost for a production level of 60,000 units.
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