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Marvel Manufacturing Inc. provides you with the following data for the month of June: Prime costs were $195,000, conversion costs were $140,000, and total manufacturing
Marvel Manufacturing Inc. provides you with the following data for the month of June:
Prime costs were $195,000, conversion costs were $140,000, and total manufacturing costs incurred were $270,000. Beginning and ending work in process inventories were equal. Selling and administrative costs were $200,000.
a. What were the total costs of direct materials used, direct labour, and manufacturing overhead?
b. What were the total costs of production?
c. What were the total period costs?
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