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What are the total conversion costs for the year

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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

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