Out25
Dec 22, 2010, 05:25 AM
The accounting records of Carlton Ltd. a small construction company, showed the following construction and operating costs for the fiscal year ended 2008:
Direct materials $718,000
Direct labour 436,000
Indirect materials 108,000
Indirect labour 140,000
Construction utilities 108,250
Selling and administrative expenses 325,000
a. What amount of prime cost was incurred in 2008?
$ (Answer in whole dollars.)
b. What amount of conversion cost was incurred in 2008?
$ (Answer in whole dollars.)
c. What was total product cost for 2008?
$ (Answer in whole dollars.)
Direct materials $718,000
Direct labour 436,000
Indirect materials 108,000
Indirect labour 140,000
Construction utilities 108,250
Selling and administrative expenses 325,000
a. What amount of prime cost was incurred in 2008?
$ (Answer in whole dollars.)
b. What amount of conversion cost was incurred in 2008?
$ (Answer in whole dollars.)
c. What was total product cost for 2008?
$ (Answer in whole dollars.)