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This question consists of two separate and unrelated parts. Part A (6 marks) MD Furniture lists the following cost items of manufacturing furniture in its
This question consists of two separate and unrelated parts. Part A (6 marks) MD Furniture lists the following cost items of manufacturing furniture in its plant. Cost item Cost amount (5) Timber planks 20,000 Wages paid to carpenters 100.000 Electricity used by machinery for furniture making 60,000 Depreciation on the machinery for furniture making 30.000 Salary of the plant manager 60,000 Required: Based on the information provided in the table above, calculate prime cast, manufacturing overhead, and conversion cost. You are required to show all working, Answers: Prime cost: Manufacturing overhead: Conversion cost
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