Asked by
Jonathan Itamah
on Nov 19, 2024
Verified
Management of Mcgibboney Corporation has asked your help as an intern in preparing some key reports for November. Direct materials cost was $42,000, direct labor cost was $25,000, and manufacturing overhead was $62,000. Selling expense was $21,000 and administrative expense was $38,000. The conversion cost for November was:
A) $116,000
B) $79,000
C) $87,000
D) $129,000
Conversion Cost
The sum of direct labor costs and manufacturing overhead expenses involved in converting raw materials to finished products.
- Compute the costs associated with prime and conversion.
Verified Answer
RK
Learning Objectives
- Compute the costs associated with prime and conversion.