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What is the total amount of conversion costs

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Problem 1: Manufacturing overhead for a company was $643,650; direct materials were $324,850; and direct labor was $124,900. What is the total amount of conversion costs?

1- $1,093,400

2- $449,750

3- $968,500

4- $768,550

Problem 2: Cambridge Manufacturing is deciding whether to purchase a new piece of equipment that can produce units more quickly than its current equipment. Which of the following costs would be relevant to its decision?

1- None of the items in this list of answers

2- The cost of raw materials

3- The original purchase price of the current machinery

4- The accumulative repairs costs of the current machinery over the years

Reference no: EM132825518

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