Question

For each of the following independent cases (A-E), compute the missing values in the table Total Prime CaseCost Conversio Cost Direct Manufacturing Manufacturing Labor n Direct Materials Overhead Cost A 9,460$ 16,3604,090 10,990 7,440 42,780 10,040 41,300 20,7002,350 25,300 56,900 109,600 49,150 69,850 13,100 24,100 56,600

Answer 1

Solution:
Prime cost = Direct Material+ Direct Labor
Conversion cost = Direct Labor + Overhead
Total Manufacturing cost = Materials + Labor + Overhead
A.
Direct Labor = $9,460 - $4,090 = $5,370
Total manufacturing cost = $9,460 + $10,990 = $20,450

B.
Prime cost = $10,040 + $7,440 = $17,480
Conversion cost = $7,440 + $25,300 = $32,740

C.
Direct Labor = $56,900 - $41,300 = $15,600
Manufacturing Overhead = $109,600 - $15,600 = $94,000
Total Manufacturing cost = $56,900 + $94,000 = $150,900

D.
Prime cost = $20,700 + $12,350 = $33,050
Manufacturing Overhead = $49,150 - $12,350 = $36,800

E.
Direct material = $56,600 - $24,100 - $13,100 = $19,400
Prime cost = $19,400 + $13,100 = $32,500
Conversion cost = $13,100 + $24,100 = $37,200