Total prime cost, Financial Accounting

Assignment Help:

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


Related Discussions:- Total prime cost

Calculating present value, Calculating Present Value [LO2]  You have just r...

Calculating Present Value [LO2]  You have just received notification that you have won the $1 million first prize in the Centennial Lottery.  However, the prize will be awarded on

Prepare a cash budget, Prepare a cash budget The following information...

Prepare a cash budget The following information appeared on the balance sheet of XYZ Ltd at 30 June 2012:                              Accounts receivable

Case, I need help on my accounting assignment

I need help on my accounting assignment

Determine the investment''s net present value, Question Capital Expenditure...

Question Capital Expenditure Decisions and Investment Criteria Bodmin plc Bodmin plc is a highly profitable electronics company that manufactures a range of innovative produ

Accounting policies-notes to the accounts, Accounting Policies These fina...

Accounting Policies These financial statements have been prepared under the historical cost basis of accounting which is modified to accommodate the revaluation of certain proper

Techniques of inventory control, Inventory control implies a planned approa...

Inventory control implies a planned approach of ascertaining while to buy, how much to buy and how much to stock hence costs including storing and buying are optimally minimum, wit

Seller-buyer-seller’s bank and buyer’s bank, I am facing some problems in ...

I am facing some problems in my assignment of Seller, Buyer, Seller’s Bank, and Buyer’s Bank. Can anybody suggest me the proper explanation for it? a. Draw the diagram of the tr

Ratio analysis and vertical analysis, Balance Sheets: contains the balance...

Balance Sheets: contains the balance sheets as of December 31, 2010, 2009, and 2008. Accounting practice and tradition dictates that the most current year is placed nearest to the

Which statements is correct, In its first month in business, Jones, Inc. so...

In its first month in business, Jones, Inc. sold merchandise to customers on account for $119,800. It collected $72,000 on those sales during the first month and recorded Revenue f

Experienced auditor, Experienced Auditor - An AUDITOR who has a reasonable ...

Experienced Auditor - An AUDITOR who has a reasonable understanding of audit activities and has studied company's industry as well as accounting and auditing issues relevant to the

3/16/2013 2:46:51 AM

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

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd