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Tasty Foods bakes and sells 2,000 dozen muffins each week. Among the costs are bakers' salaries, $24,000; production management salaries, $16,000; production equipment operating costs,
Tasty Foods bakes and sells 2,000 dozen muffins each week. Among the costs are bakers' salaries, $24,000; production management salaries, $16,000; production equipment operating costs, $32,000; and flour and ingredient costs, $15,000. Using this information, compute: (a) prime costs and (b) conversion costs.
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