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

The objective of this project is to demonstrate the effect of releasing accounting information concerning profits on the valuation (i.e. share price) of an Australian;listed compan

Right of indemnity If the Official Receiver or trustee has seized or disposed of any property in the possession of the debtor, without notice or claim relating thereto, he is

Q. Explain Zero Base Budget? Zero base budgeting can be defined as - 1) An operating planning and budgeting process which requires each manager to justify his entire budget

Question: (a) The following output levels and production costs have been recorded over the last three periods: Required: Using the high-low method, estimate the: (i

a) Company X is expected to maintain a constant 7% growth rate in their dividends, indefinitely. If the company has a dividend yield of 4%, what is the required return on their sha

The return on investment has been aptly about as a primary ratio as it gives the relative net profit earned on the capital utilized. It is one particular measure where the last out

Investment with ex. div. quotation Investment with ex. div. quotation will be debited to the investment account at its ex. div. value. The full impending dividend will also

Final accounts 1) Examination questions – two types of problems arise in examinations: transfers between head office and branch are made at cost; or Transfers bet

State the Benefits of accounting information Benefits of accounting information ultimately decline. Cost of providing information, though, will rise with every additional piec