User Account

All Pages

What are the total conversion costs for the year

Assignment Help Accounting Basics
Reference no: EM133182674

Question - Brenda Ltd. had the following costs for the year:

Description Amount

Factory utilities 11,000

Sales salaries 118,000

Sales commissions 40,000

Indirect labour in the factory 55,000

Salary of the factory supervisor 91,000

Salary of the head office receptionist 55,000

Direct labour 219,000

Marketing costs 67,000

Other administrative costs 319,000

Direct materials 394,000

Depreciation on factory equipment 16,000

Factory rent 44,000

Salary of the factory receptionist 51,000

Depreciation on the head office building 18,000

Required -

1. What was the total product costs for the year?

2. What are the total prime costs for the year?

3. What are the total conversion costs for the year?

4. If the company produced 20,000 units for the year, what was the unit product cost (the cost per unit)?

Reference no: EM133182674

Questions Cloud

Good process for selling : What organizations have you experienced that have a good process for selling. What elements do you think work, and what don't work?
Analyze complex business transactions : Identify and analyze complex business transactions and their impact on financial statements.
Determine the book value of each outstanding share : FullGuate S.A. has Q1,400,000 shares outstanding and Q100,000 shares in treasury. Determine the book value of each outstanding share
How many members will the club need to have to break even : What will be the cost for each source of financing and Determine the optimum cost of capital using the Weighted Average Cost of Capital (WACC)
What are the total conversion costs for the year : Brenda Ltd. had the following costs for the year: Salary of the head office receptionist 55,000. What are the total conversion costs for the year
Explain the challenges in minimizing working capital : Explain the importance of minimizing working capital. Explain the challenges in minimizing working capital.
Senior cloud architect at Google : You are hired as a Senior Cloud Architect at Google. Google stated they are having issues with less visibility with more complexity.
What is the contribution margin for the special order : Franco has the capacity to produce 9,000 chairs per year and currently is producing 6,000. What is the contribution margin for the special order
Quantitative and one qualitative technique : Identify one quantitative and one qualitative technique. How do the techniques complement each other?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd