AC Latest Update Questions And Answers
Conversion Costs - Answer Overhead + Direct Labor + Indirect Labor
Prime Costs - Answer Direct Materials + Direct Labor
Aable Company's manufacturing overhead is 20% of its total conversion costs. If direct
labor is $45,000 and if direct materials are $53,000, the manufacturing overhead is: -
Answer CC= DL +OH
.8CC=45,000
CC=56,250
OH=11,250
Knowel Company's direct labor is 40 percent of its conversion cost. If the manufacturing
overhead cost for the last period was $60,000 and the direct materials cost was $30,000,
the direct labor cost was: - Answer CC=DL+OH
.60CC=60,000
CC=100,000
DL=40,000
Product Costs - Answer DM+DL+MOH
Period Costs - Answer Selling expense + admin expense
mixed cost funciton - Answer y= a +bx
variable cost - Answer change in cost/change in activity
Conversion Costs - Answer Overhead + Direct Labor + Indirect Labor
Prime Costs - Answer Direct Materials + Direct Labor
Aable Company's manufacturing overhead is 20% of its total conversion costs. If direct
labor is $45,000 and if direct materials are $53,000, the manufacturing overhead is: -
Answer CC= DL +OH
.8CC=45,000
CC=56,250
OH=11,250
Knowel Company's direct labor is 40 percent of its conversion cost. If the manufacturing
overhead cost for the last period was $60,000 and the direct materials cost was $30,000,
the direct labor cost was: - Answer CC=DL+OH
.60CC=60,000
CC=100,000
DL=40,000
Product Costs - Answer DM+DL+MOH
Period Costs - Answer Selling expense + admin expense
mixed cost funciton - Answer y= a +bx
variable cost - Answer change in cost/change in activity
