Question

Prime Cost and Conversion Cost Benton Engineering Services Company incurred the following during 2016 Direct labor...

Prime Cost and Conversion Cost

Benton Engineering Services Company incurred the following during 2016

Direct labor $23,500
Overhead

31,500

Selling expenses

28,000

Administrative expenses

25,500

Calculate prime cost and conversion cost for Benton Engineering Services Company during 2016.

Prime cost: Answer
Conversion cost: Answer
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Answer #1

Prime Cost $ 23,500 Conversion Cost$ 55,000 Working Notes : Prime Cost Direct Materials + Direct Labor $0 $23,500 $23,500 Con

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