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XYZ Manufacturing Company had the following data for the month of June 2020: Direct materials R400 000 Direct labour R600 000 Manufacturing overheads R300 000

XYZ Manufacturing Company had the following data for the month of June 2020:

Direct materials R400 000

Direct labour R600 000

Manufacturing overheads R300 000

Selling and administrative expenses (70% variable, 30% fixed) R480 000

Manufacturing overheads is a mixed cost and is based on the number of units produced.

1) Calculate the prime cost.

2) Calculate the conversion cost.

3) Calculate the product cost.

4) Calculate the period cost.

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