Question

DM 10 Conversion Costs 25 Prime Costs 15 MOH?

DM 10 Conversion Costs 25 Prime Costs 15 MOH?

Homework Answers

Answer #1
Working Notes:
Calculation of Direct labor Cost
Prime Cost = Direct Material Cost + Direct Labor Cost
Direct Labor Cost = Prime Cost - Direct Material Cost
Direct Labor Cost = 15 - 10
Direct Labor Cost = 5
Solution:  
Calculation of Machine overhead cost
Conversion Cost = Direct Labor Cost + Overhead Cost
Overhead Cost = Conversion Cost - Direct Labor Cost
Overhead Cost = 25     -   5
Overhead Cost = 20
Answer = Machine Overhead Cost = 20
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
If prime costs = DM + DL then is DM materials purchased or materials used? Prime...
If prime costs = DM + DL then is DM materials purchased or materials used? Prime costs are found in the _____________ inventory account Direct costs are found in the _____________ inventory account Direct costs of production are found in the ______________ inventory account Costs of production are found in the _____________ inventory account The difference between TOTAL cost of production for the period and current period cost of production is _____________ In Work in Process inventory – goods completed...
Why are product cost variances (DM, DL, MOH) broken down and separated into price & quantity...
Why are product cost variances (DM, DL, MOH) broken down and separated into price & quantity variance or rate & efficiency variance. What is the purpose and what information do these additional variances provide? Explain
Company expects to produce and sell12,000 units for $80 DM costs are $8 DL is $40...
Company expects to produce and sell12,000 units for $80 DM costs are $8 DL is $40 MOH is $12 per unit                                                     Beginning inventory                                Target Ending inventory Finished goods inventory           800 units                                           1000 units On the 2020 budgeted income statement, what amount will be reported for sales? (4 points) A. $960,000 B. $860,000 C. $80,000 D. $24,000 Company expects to produce and sell12,000 units for $80 DM costs are $8 DL is $40 MOH is $12 per unit                                                     Beginning inventory                                Target Ending inventory Finished...
Why are product cost variances (DM, DL, MOH) broken down and separated into price & quantity...
Why are product cost variances (DM, DL, MOH) broken down and separated into price & quantity variance or rate & efficiency variance. What is the purpose and what information do these additional variances provide? Explain in your own words and be specific. How do you balance a company's need to succeed and make money, as well as the need to not ask workers for perfection? Is there a middle ground, what do you think?
78. Prime costs include______________ and conversion costs include______________. a. Direct Materials and Direct Labor Direct Labor...
78. Prime costs include______________ and conversion costs include______________. a. Direct Materials and Direct Labor Direct Labor and Manufacturing Overhead b. Direct Materials and Manufacturing Overhead Direct Labor and Manufacturing Overhead c. product and period d. Work in Process and Raw Materials Manufacturing Overhead and Direct Materials 80. Depreciation expense on factory equipment should be assigned to: a. depreciation expense b. manufacturing overhead c. accumulated depreciation d. work in process
The enzyme-catalyzed conversion of a substrate at 298 K has Km = 0.032 mol dm-3 and...
The enzyme-catalyzed conversion of a substrate at 298 K has Km = 0.032 mol dm-3 and vmax = 4.25 x10^-4 mol dm-3 s-1 when the enzyme concentration is 3.60 x10^-9 mol dm-3. Calculate the catalytic efficiency
Marigold’s Manufacturing has 5800 units in beginning Work in Process, 15% complete as to conversion costs,...
Marigold’s Manufacturing has 5800 units in beginning Work in Process, 15% complete as to conversion costs, 14300 units transferred out to Finished Goods, and 2000 units in ending Work in Process 10% complete as to conversion costs. Materials are fully added at the beginning of the process. How much are equivalent units for conversion costs if the weighted-average method is used? 14970 14500 13630 13230
Sales commission is a part of the following cost classifcations: A. product, direct labor, prime, conversion...
Sales commission is a part of the following cost classifcations: A. product, direct labor, prime, conversion B. period, conversion C. Period only D. Product, direct materials, prime
wages paid to a timekeeper in a factory is classified as a conversion cost or prime...
wages paid to a timekeeper in a factory is classified as a conversion cost or prime cost, kindly explain your answer
In March, Lasso Manufacturing had the following unit production costs: materials $10 and conversion costs $8....
In March, Lasso Manufacturing had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had zero work in process. During March, Lasso transferred out 20,300 units. As at March 31, 2,050 units that were 40% complete as to conversion costs and 100% complete as to materials were in ending work in process. Calculate the cost per equivalent unit for Conversion