What is the amount of the conversion costs

Assignment Help Accounting Basics
Reference no: EM131564054

The following costs were incurred in June:  

Direct Materials                                     $25,000

Direct Labor                                          $20,000

Manufacturing (Factory) Overhead           $25,000

Selling and Administrative Expenses        $40,000

1- What is the amount of the prime costs?

2- What is the amount of the period costs?

3- What is the amount of the conversion costs?

4- What is the amount of the product costs?

Reference no: EM131564054

Questions Cloud

Develop a thesis on the electronic policing : Develop a thesis statement on the topic of electronic policing and anti-plagiarism software and write an argumentative essay
Discuss the maximum amount of light through the window : DESIGNING A NORMAN WINDOW A Norman window has the shape of a rectangle surmounted by a semicircle (see the accompanying figure).
What is the contribution margin ratio and fixed cost : Sales are $750,000, variable costs are 70% of sales, and income from operations is $100,000. What is the contribution margin ratio and fixed cost
Delivery of quality health care : Discuss the role of government in funding and regulation as it relates to ensuring delivery of quality health care: How successful have its efforts been?
What is the amount of the conversion costs : The following costs were incurred in June: What is the amount of the period costs? What is the amount of the conversion costs
In what ways did womens movement spur development of the gay : In what ways did the New Left and women's movement spur the development of the gay liberation movement?
Examine the change in amphetamine use : Examine the change in amphetamine use and abuse in the U.S. from the 1950s to the present.
Give the entry necessary to record the stock split : At the time of declaration, the market price of the stock is $500 per share. Give the entry necessary to record the stock split
Evaluate maximum revenue for the travel agency : OPTIMAL CHARTER-FLIGHT FARE If exactly 200 people sign up for a charter flight, Leisure World Travel Agency charges $300/person.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Benjamin products uses job order costing and assigns

benjamin products uses job order costing and assigns overhead to specific jobs using direct labor hours. during the

  Run the appropriate regression

Run the appropriate regression to estimate the average variable cost function (AVC) for Sting Rays. Evaluate the statistical significance of the three estimated parameters using a significance level of 5 percent.  Be sure to comment on the algebraic ..

  Differentiate between joint and several liability

"Since the FASB is independent from the AICPA, the latter is no longer concerned with standard setting and related issues." Comment on this statement.

  Fixed- and variable-cost pools

Suppose fixed- and variable-cost pools were allocated separately. Specify how each pool should be allocated. Compute the cost allocated to the Public Works Department in August.

  Read through this article and then lets take a poll of our

read through this article and then lets take a poll of our own. do you feel the amount you pay in income taxes are

  Why do most companies use normal or standard costing after

why do most companies use normal or standard costing? after all actual costing gives the actual cost so the firm could

  Prepare the journal entries necessary to record goodwill

Prepare the journal entries necessary to record goodwill. After goodwill has been recorded, what were the individual capital balances of the original partners?

  Computing the gain or loss on the sale of the asset

Blue should have taken $455 and $3,636 cost recovery in2006 and 2007. On January 1, 2008, the asset was sold for $98,000. Calculate the gain or loss on the sale of the asset in2008.

  Estimating the constant growth model

The U.S. Bureau of the Census publishes employment  statistics and demand forecasts for various occupations.

  Hanson company is constructing a building construction

hanson company is constructing a building. construction began on february 1 and was completed on december 31.

  Fundamental concepts and principles in accounting

Identify and explain the fundamental concepts and principles in accounting, the components of the accounting equation, the primary financial accounting equation, and financial statements and reports.

  The outstanding common stock of saul company

Paul Company acquired 100% of the outstanding common stock of Saul Company on June 30, 2012 for $473,000. On the acquisition date, Saul Company had retained earnings in the amount of $60,000, and the fair value of its recorded assets and liabiliti..

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!

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