Ask Question
18 February, 13:43

The following costs are included in a recent summary of data for a company: advertising expense, $85,000; depreciation expense - factory building, $133,000; direct labor, $250,000; direct material used, $300,000; factory utilities, $105,000; and sales salaries expense, $150,000. Determine the dollar amount of conversion costs.

+1
Answers (1)
  1. 18 February, 17:40
    0
    Conversion costs = $488,000

    Explanation:

    Giving the following information:

    depreciation expense - factory building, $133,000

    direct labor, $250,000

    factory utilities, $105,000

    The conversion costs are the sum of direct labor and manufacturing overhead.

    Manufacturing overhead = 133,000 + 105,000 = 238,000

    Direct labor = 250,000

    Conversion costs = $488,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The following costs are included in a recent summary of data for a company: advertising expense, $85,000; depreciation expense - factory ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers