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

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

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