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Calculate the Prime, Conversion, Product and Period Cost. Question 3: Direct Material - April 1 Rs. 60,000 Direct Material - March 31 Rs. 23, 500
Calculate the Prime, Conversion, Product and Period Cost.
Question 3: Direct Material - April 1 Rs. 60,000 Direct Material - March 31 Rs. 23, 500 Indirect Material 25,000 Rent (4/5 factory, 1/5 office) 45,000 Labor costing Rs. 250,000 of which 80 % is Direct Labor Depreciation on building 30,000 factory, office and selling in the ratio of 6: 1:1 Purchases of DM 70,000 Insurance (4/5 factory, 1/5 office) 100,000 Freight in 5,000 General Expenses 12,000 Purchases Discount -2% of Purchases Administrative Expense 15, 000 (6 Required: Calculate the Prime, Conversion, Product and Period Cost Marks)Step by Step Solution
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