Definitions of manufacturing concepts interstate, Cost Accounting

Assignment Help:

3. Definitions of manufacturing concepts 
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:- Definitions of manufacturing concepts interstate

Cost accounting, some clarificationon how to compute closing stock and open...

some clarificationon how to compute closing stock and openning stock using marginal costing technique and absorption.

Prepare a report for profitability of a company, The following information ...

The following information has been prepared for XYZ Ltd by their assistant accountant. The risk free rate of interest on government securities in 2008 is 7.3% Required:

Tax depreciation affect the cash flows statement?, What type of activity co...

What type of activity could a company engage in to improve their cash flows in their Cash Flows Statement? Is this ethical? Could borrowing money make the cash from operations be

How much should the selling price be per unit, Pritchard Company manufactur...

Pritchard Company manufactures a product that has a variable cost of $30 per unit. Fixed costs total $1,500,000, allocated on the basis of the number of units produced. Selling pri

What does the cost principle, What does the cost principle mean for a compa...

What does the cost principle mean for a company's income statement?

Calculate development cost, Candler Inc a computer software development fir...

Candler Inc a computer software development firm has stock outstanding as follows: 40,000 shares of $2 nonparticipating, noncumulative preferred stock of $10 par, and 250,000 share

Case study, what could it cost the fezas to launder?show your detailed culc...

what could it cost the fezas to launder?show your detailed culculation

Prepare the journal entries to record depreciation, Moore Corporation follo...

Moore Corporation follows a policy of a 10% depreciation charge per year on all machinery and a 5% depreciation charge per year on buildings (the corporation uses the nearest full

Taxable transfers, Greta Grantor made $1 million of taxable gifts in 2009, ...

Greta Grantor made $1 million of taxable gifts in 2009, the only taxable gifts she made prior to this year.  Greta was married on January 2nd of this year to Gerard Gold digger. De

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