Assume (7) the direct labor cost of $40,000 is 25% of total conversion costs and 40% of total prime costs. (2) the total selang and administrative expense is $62,000, (3) the only variable selling and administrative expense is sales commissions of 4% of sales, (4) all manufacturing overhead costs are frond costs, and (5) there are no beginning or ending inventories. What is the total direct materials cost? Muliple Croice 5120,000 5,00,000 Assume (7) the direct labor cost of $40,000 is 25% of total conversion costs and 40% of total prime costs. (2) the total selang and administrative expense is $62,000, (3) the only variable selling and administrative expense is sales commissions of 4% of sales, (4) all manufacturing overhead costs are frond costs, and (5) there are no beginning or ending inventories. What is the total direct materials cost? Muliple Croice 5120,000 5,00,000