Some selected sales and cost data for job order 515 are given below.
|
Direct materials used |
$100,000 |
|
Direct labor |
150,000 |
|
Factory overhead |
|
|
(all indirect, 40% variable) |
75,000 |
|
Selling and administrative expenses |
|
|
(50% direct, 60% variable) |
120,000 |
Compute the following: (a)prime cost, (b)conversion cost, (c) direct cost, (d)indirect cost, (e)
product cost, (f)period expense, (g) variable cost, and (h)fixed cost.