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Interstate Manufacturing - Definitions of manufacturing concepts  - 21 Dec, 2012

Definitions of manufacturing concepts

Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended:

Materials and supplies used

Brass                                                                $75,000

Repair parts                                                      16,000

Machine lubricants                                            9,000

Wages and salaries Machine operators          128,000

Production supervisors                                   64,000

Maintenance personnel                                     41,000

Other factory overhead Variable                       35,000

Fixed                                                                46,000

Sales commissions                                            20,000

 

Compute:

a. Total direct materials consumed

b. Total direct labor

c. Total prime cost

d. Total conversion cost



Category : Cost Accounting

Search Keywords :
Interstate , Manufacturing , Direct , Materials , Labor , Prime , Conversion 


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Answer  - 21 Dec, 2012
a. Direct materials would be brass and the amount is $75,000   b....


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