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The following information pertains to Lancaster manufacturing operations in 2019: 1. What is the amount of prime cost? 2. What is the amount of conversion
The following information pertains to Lancaster manufacturing operations in 2019: 
The following information pertains to Lancaster manufacturing operations in 2019: Decrease in raw materials Direct labor payroll Decrease in work in process Direct labor rate/hour Increase in finished goods Factory overhead rate per hour Purchases P6,000 P60,000 P8,000 P7.50 P18, 000 P10 P84, 000 1. What is the amount of prime cost?
2. What is the amount of conversion cost?
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Fundamental Accounting Principles Volume 2
Authors: John Wild, Ken Shaw, Barbara Chiappetta
21st Edition
0077716663, 978-0077716660
