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Required: 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs
Required: 1. Compute the total prime costs for both Garcon Company and Pepper Company. 2. Compute the total conversion costs
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Answer #1
1.) Amount $
Garcon Company Pepper Company
Direct materials
Beginning raw material inventory                       7,900                     12,150
Add: Raw material purchases                     44,500                     52,500
Raw materials available for use                     52,400                     64,650
Less: Ending raw material inventory                       7,200                       8,600
Direct material used                     45,200                     56,050
Add: Direct Labor                     23,400                     40,200
Total Prime Costs                     68,600                     96,250
2.) Amount $
Garcon Company Pepper Company
Direct Labor                     23,400                     40,200
Add: Factory overhead
Rental Cost on Factory Equipment                     30,250                     25,600
Factory Utilities                       9,600                     17,750
Factory Supplies used                       9,700                       5,200
Indirect Labor                       1,950                       8,500
Repairs-Factory Equipment                       7,700                       2,750
Total Factory overhead                     59,200                     59,800
Total Conversion Costs                     82,600                 100,000
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