Nxumalo Enterprises is a small family-owned firm that operates a fabrication, machining, and polishing centre. The...

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Nxumalo Enterprises is a small family-owned firm that operates a fabrication, machining, and polishing centre. The following information relating to the 2023 operations of Nxumalo Enterprises is available: INFORMATION Total direct material costs for the year Total direct labour costs for the year R 988 250 611 500 Total direct expenses of equipment hired during the 57 890 year Total overhead costs for the year 1 123 250 Required: Determine the conversion cost of the 2023 operations of Nxumalo Enterprises. Nxumalo Enterprises is a small family-owned firm that operates a fabrication, machining, and polishing centre. The following information relating to the 2023 operations of Nxumalo Enterprises is available: INFORMATION Total direct material costs for the year Total direct labour costs for the year R 988 250 611 500 Total direct expenses of equipment hired during the 57 890 year Total overhead costs for the year 1 123 250 Required: Determine the conversion cost of the 2023 operations of Nxumalo Enterprises.