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25 February, 14:32

Compute conversion costs given the following dа ta: direct materials, $381,400; direct labor, $196,500; factory overhead, $194,000 and selling expenses, $41,200. a.$575,400 b.$771,900 c.$390,500 d.$152,800

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  1. 25 February, 16:18
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    Conversion costs: c.$390,500

    Explanation:

    Conversion costs are those production costs required to convert raw material to finished goods. Conversion costs include direct labor and manufacturing overheads costs.

    Conversion Costs = Direct Labor cost + Manufacturing Overheads cost = Total Manufacturing Costs - Direct Material cost

    With direct labor cost of $196,500; factory overhead cost of $194,000.

    Conversion Costs = $196,500 + $194,000 = $390,500
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