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From the following information for the ABC Company, compute prime costs and conversion costs. Raw material purchased during the period cost $40,800; overhead incurred and
From the following information for the ABC Company, compute prime costs and conversion costs. Raw material purchased during the period cost $40,800; overhead incurred and paid or accrued for the period was $21,750; and 23,600 direct labor hours were incurred at a rate of $13.75 per hour
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