A firm has $100,000 in direct materials costs, $50,000 in direct labor costs, and $80,000 in overhead.
Question:
A firm has $100,000 in direct materials costs, $50,000 in direct labor costs, and $80,000 in overhead. Which of the following is true?
a. Prime costs are $150,000; conversion costs are $180,000.
b. Prime costs are $130,000; conversion costs are $150,000.
c. Prime costs are $150,000; conversion costs are $130,000.
d. Prime costs are $180,000; conversion costs are $150,000.
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c Prime costs of 150000 are the combination ...View the full answer
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ISBN: 9780808056300
10th Edition
Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton
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