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astraxan [27]
3 years ago
12

Compute conversion costs given the following data: direct materials, $381,400; direct labor, $196,500; factory overhead, $194,00

0 and selling expenses, $41,200. a.$575,400 b.$771,900 c.$390,500 d.$152,800
Business
1 answer:
qwelly [4]3 years ago
4 0

Answer:

Conversion costs: c.$390,500

Explanation:

Conversion costs are those production costs required to convert raw material to finished goods. Conversion costs include direct labor and manufacturing overheads costs.

Conversion Costs = Direct Labor cost + Manufacturing Overheads cost= Total Manufacturing Costs – Direct Material cost

With direct labor cost of $196,500; factory overhead cost of $194,000.

Conversion Costs = $196,500 + $194,000 = $390,500

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Answer and Explanation:

The computation is shown below:-

<u>Particulars </u>               Traditional Philosophy     Manufacturing

                                         <u> Lean                        Philosophy</u>

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5 0
3 years ago
Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity
laiz [17]

Answer:

Direct materials quantity variance = 5800 Unfavorable

so correct option is $5,800 unfavorable

Explanation:

given data

Direct materials standard 6 lbs. @ $2/lb. = $12 per finished unit

Actual direct materials = 230,900 lbs

Actual finished units produced = 38,000 units

Actual cost of direct materials = $459,390

to find out

Direct materials quantity variance

solution

we get here Direct materials quantity variance that is express as

Direct materials quantity variance = ( Actual Quantity - Standard Quantity) × Standard Price    ........................1

we know here Actual Quantity is 230,900 lbs

and Standard Quantity  is = Actual finished units produced × Direct materials standard quantity per unit

Standard Quantity = 38000 × 6

Standard Quantity = 228000 lbs  and here Standard Price is $2 per lb

so put here value in equation 1 , we get

Direct materials quantity variance = (230900 - 228000) × $2

Direct materials quantity variance = 5800 Unfavorable

so correct option is $5,800 unfavorable

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Answer:

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“It’s the day that has replayed in your memory a thousand times over. The last kiss. The last phone call. The last time hearing those precious words, ‘I love you,’” the president said.

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7 0
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