Total prime cost, Financial Accounting

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

Posted Date: 3/16/2013 2:45:25 AM | Location : United States





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

Posted by | Posted Date: 3/16/2013 2:46:51 AM


Related Discussions:- Total prime cost, Assignment Help, Ask Question on Total prime cost, Get Answer, Expert's Help, Total prime cost Discussions

Write discussion on Total prime cost
Your posts are moderated
Related Questions
Significant Deficiency -Control deficiency or combination of control deficiencies, which adversely affects company's ability to authorize, initiate, process, record or report exte

natasha kingrey to calculate present value of salary differential for completing mba


The maximum possible loss method Under this method, a table is set up to compute the amounts payable to each partner. The results of the computation may be then posted into the

What are the various strategies behind selected low (e.g., zero) or high coupon rates when issuing bonds?

ADVANCEMENT Trustees may apply not more than half of the presumptive or vested share of the capital held in trust for any person (infant or adult) for  his advancement or ben

calculate the ratios of the company called ''Apple''

DELEGATION A trustee cannot deleget unless: 1.    It is necessary or in the ordinary course of administration; or 2.    Authorised by the trust instrument; or 3.    Authorise

The existing company WACC replicates the company's current gearing level and its existing Ke and Kd and the Ke in turn reflects the shareholders' risk perception of the company's e

The following data has been taken from the management accounting reports from Spinnaker Sales. Div A -Income from operations $1,800,000 Total service department charges $1,600,000.