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Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended:
Materials and supplies used:
Brass..................$75,000Repair parts...............$16,000Machine lubricants ..............$9,000Wages and salaries Machine operators ...$128,000Production supervisors ...........$64,000Maintenance personnel ..........$41,000Other factory overhead Variable .......$35,000Fixed ..................$46,000Sales commissions.............$20,000
Compute:
a.Total direct materials consumedb. Total direct laborc. Total prime costd. Total conversion cost
The completion of units in process and their transfer to finished goods.
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The following information was drawn from the year end balance sheets of Long's Wholesale, Inc.:
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