7

QUESTION 7 Bixby Company manufactures one product and accounts for costs using a job cost system. You have obtained the following information for the year: Total manufacturing costs incurred during the year were $880, 000 Conversion costs accounted for 2/3rds of total manufacturing costs while the manufacturing overhead accounted for 60 percent of the conversion costs during the year. Compute the cost of direct labor for the year. Round to the nearest $1.00