Total prime cost, Financial Accounting

Assignment Help:

Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended:
Materials and supplies used
Brass                                                     $75,000
Repair parts                                           16,000
Machine lubricants                                   9,000
Wages and salaries Machine operators      128,000
Production supervisors                            64,000
Maintenance personnel                           41,000
Other factory overhead Variable               35,000
Fixed                                                    46,000
Sales commissions                                 20,000

Compute:
a.    Total direct materials consumed
b.    Total direct labor
c.    Total prime cost
d.    Total conversion cost


Related Discussions:- Total prime cost

Estimate parametric market var, You have an investment in a portfolio with ...

You have an investment in a portfolio with a counterparty whose current credit rating is Baa. The current market value of the portfolio is $50,000,000 and its annual volatility is

Potential sources of finance for very new businesses, Potential sources of ...

Potential sources of finance for very new businesses Initial owner finance is almost always the first source of finance for a business, whether from the owner or from family co

Mathematics of investment and credits, 1) A magazine offers a one-year subs...

1) A magazine offers a one-year subscription at a cost of 15 with renewal the following year 16.50. Also offered is a two-year subscription at a cost of 28. What is the effective a

What is asset acquisition, Asset Acquisition An alternate way of condu...

Asset Acquisition An alternate way of conducting a buyout by purchasing few assets an industry may have inspite of purchasing that organizations stock.

Calculate pre-tax roi return on investment, Shannon Kampa is in talks with ...

Shannon Kampa is in talks with Resul Ozbayrak Leaseco, a leasing company, to rent store space for new stores that Shannon is considering adding to her high-end natural foods chain.

What is the present value, What is the present value of $500 per year for t...

What is the present value of $500 per year for ten years at 12 percent, assuming a regular, or ordinary annuity?

Accounting for partnerships, Accounting for Partnerships The owners’ in...

Accounting for Partnerships The owners’ interests in the business are divided into long term and short-term interests. (Long-term interests refer to original capital commitment

Legal practice, Trust - Ancient legal practice where one person (GRANTOR) ...

Trust - Ancient legal practice where one person (GRANTOR) transfers the legal title to an ASSET, known as principal or corpus, to another person (the TRUSTEE), with specific instr

#titleaccounting concept.., what is the implication of applying accounting ...

what is the implication of applying accounting concept wrongly

3/16/2013 2:46:51 AM

Hello, Does any body know how can we find the prime cost of this problem. Is there is any specific formulae for this?

Write Your Message!

Captcha
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