question 50 Which are the following convertion costs?

a. direct labor cost and factory overhead cost b. direct materials cost and direct labor cost c. factory overhead cost d. direct materials cost and factory overhead cost 51. Work in process inventory on December 31 of the current year is $44,000. Work in process inventory increased by 60% during the year. Cost of goods manufactured amounts to $275,000. The total manufacturing costs incurred in the current year are: a. $291,500 Page 5|12 Please use answer sheet providedllll l!!! Midterm Exam-MGT3110 MAKE SURE YOU READ EVERY QUESTION CAREFULLY BEFORE ANSWERING. b. $302,000 c. $275,750 d. $233,750 52. Darwin Company reports the following information: Sales $76,500 Direct materials used 7,300 Depreciation on factory equipment 4,700 Indirect labor 5,900 Direct labor 10,500 Factory rent 4,200 Factory utilities 1,200 Sales salaries expense 15,600 Office salaries expense 8,900 Indirect materials 1,200 Product costs are: a. $24,500 b. $30,300 c. $29,200 d. $35,000 53. Which of the following is part of factory overhead cost? a. sales commissions b. depreciation of factory equipment and machines c. depreciation of sales person's vehicle d. direct materials used 54. The portion of whole units that were completed with respect to either materials or conversion costs within a given accounting period is the denition of a. units started and completed b. equivalent units c. conversion costs d. ending work in process