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Job 31 has a direct materials cost of $250 and a total manufacturing cost of $700. Overhead is applied to jobs at a rate of
Job 31 has a direct materials cost of $250 and a total manufacturing cost of $700. Overhead is applied to jobs at a rate of 200 percent of direct labor cost.
Use the relationships among total manufacturing costs, conversion cost, and prime cost to determine the following costs for job 31:
1. Conversion Cost?
2. Direct Labor Cost?
3. Manufacturing overhead cost?
4. Prime cost?
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