Question

The following costs were incurred in October: Direct materials $ 33,000 Direct labor $ 13,000 Manufacturing...

The following costs were incurred in October:

Direct materials $ 33,000
Direct labor $ 13,000
Manufacturing overhead $ 23,000
Selling expenses $ 16,000
Administrative expenses $ 34,000

Conversion costs during the month totaled:

$46,000

$119,000

$69,000

$36,000

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Answer #1

Conversion costs=Direct labor+Manufacturing overhead

=13000+23000

which is equal to

=$36000

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