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Q: Direct labor is included in the computation for the cost classified as     Group of answer choices…

A: Prime cost = Direct material + Direct labor Product cost = Direct material + Direct labor +…

Q: Distinguish between direct labor and indirect labor.

A:

Q: Define indirect labor.

A: Labour are those people who are engaged in the organisation either for the purpose of production or…

Q: Required: a) Compute prime cost, manufacturing cost and cost of goods manufactured. b) Compute cost…

A: Prime costs is the cost of raw materials used and direct labour costs. Manufacturing costs includes…

Q: The one cost that would be dassified as part of both prirne cost and conversioncr wndctis Oa direct…

A: Prime cost = Direct material + Direct labor + Direct expenses Conversion cost = Direct labor +…

Q: What is a manual factoring cost

A: A type of financial transaction in which a business sells its account receivables to a third party…

Q: Conversion costs consist of O A. direct labor B. manufacturing overhead C. A only D. Both a and b O…

A: Conversion costs include all those costs which are required to convert direct materials into…

Q: Which of the following is a conversion cost?A. raw materialsB. direct laborC. sales commissionsD.…

A: Conversion costs seem to be the expenses of converting raw resources into finished goods. In cost…

Q: The total cost of work in process, end is?

A: Equivalent units concept is used when opening or ending work in progress is not 100% complete but…

Q: Direct labor

A: Direct labor costs incurred = Total manufacturing costs - Direct materials used - Factory overhead

Q: 1. Indirect labor and indirect materials are classified as O manufacturing overhead and product…

A: Indirect Material: Material which don't become integral part of Product produced is known as…

Q: Conversion costs consist of: O a direct labor and manufacturing overhead O b. direct and indirect…

A: Prime costs consists of direct material and direct labor, While conversion costs consist of direct…

Q: Product costs are also callec Direct costs. Overhead costs

A: Given: 1. Product costs are also called: *Direct costs.Overhead costs.Manufacturing overhead…

Q: Assume that a c direct labor cha

A: Job cost is the cost incurred for a particular job work. It includes those expenses which are…

Q: Direct material Direct labor Overhead Total

A: The overheads are applied to production on the basis of predetermined overhead rate.      As per…

Q: e activity-based factory overhead per unit f

A: Under activity-based costing technique costs are assigned to each product based on cost drivers…

Q: d. Compute the total manufacturing cost. Total Manufacturing Cost e. Compute the prime cost.

A: Solution:- d)Calculation of Total manufacturing cost as follows:- Total manufacturing cost =Direct…

Q: B MC Qu. he Alma Milin Material ir Labor hours Yards of OL The partlal pro

A: Productivity ratio is a ratio of output to input. While calculating the partial productivity ratio…

Q: he total cost of work in process, end is:

A: Equivalent units means where the some goods remain incomplete at the end of process and we need to…

Q: Overhead Cost total includes: a. Indirect tools used b. Indirect Commision paid c. Indirect…

A: Solution Overhead cost                 The cost which are not directly attributable to the…

Q: Prime costs include: direct labor and indirect labor direct materials and direct labor direct labor…

A: The cost of a product can be categorised in different categories like direct costs, indirect costs,…

Q: Overhead expenses can be classified according to O a. Functions O b. Elements Oc. All of the above O…

A: Overhead expenses are all indirect costs of manufacturing the product or selling the product. These…

Q: What is mean direct and indirect labor?

A: Cost of labor includes payments made to employees in the form of wages or employee benefits and also…

Q: e the cost of goods manufactured:

A: Direct Material used   $          120 Direct Labour  $          200 Manufacturing…

Q: Costs labor and uo o1ɔ IJed o O UoueAIm:

A: In   this problem , Nelly Co.  incurred a cost for plannting…

Q: che $ cost per unit for the items purchased from THE SUPPLIER is

A: The cost function is a function that is used to show how production expense will change at different…

Q: Record the application of manufacturing overhead to production. 1

A: 1) Overhead rate = $182,400/19000 = 9.60 per labor hour Journal entry Transaction General Journal…

Q: udard Selling Price ct Materials ect Labour

A:

Q: Define the term manufacturing overheads.

A: Manufacturing overhead is all indirect costs incurred during the production process. This overhead…

Q: Which factors contribute to the cost of direct labor?

A: Direct labour refers to the labour which is directly related to the production of products of any…

Q: Which does not belong to a category? * a. Labor b. Materials c. Overhead d. Purchases

A: Answer: Purchase

Q: unit labour

A: Labor and Employment Requirements  Employer Policy Requirements  Employers shall establish and…

Q: Means schedule curve establishe work pay item represented by ba

A: s-curve is a graph that plots a relevant cumulative data field- such as man hour or cost-against…

Q: A direct cost is one that is a. Variable with respect to the cost object. b. Traceable to the cost…

A: Direct cost: A cost indicates the payment of cash or the obligation to pay the cash in the future…

Q: s relevent cost of direct labour

A: Direct Labor: Direct labor includes personnel that are directly concerned within the production…

Q: al productivities and input pri g too much labor relative to

A: In economics, particularly neoclassical economics, the marginal product or marginal physical…

Q: s predetermined overhead rate f

A: Estimated total variable manufacturing overhead (A) $802,500 Estimated total fixed manufacturing…

Q: Prime costs are: A) Direct Materials only B) Direct Labor and Overhead C) Direct Materials and…

A: Prime Cost:- It is the total of direct material and direct labor as these are those cost which is…

Q: 4. Which of the following are period costs? a. Raw materials b. Direct materials and direct labor c.…

A: A period cost is charged to expense to the period in which it is incurred.

Q: etween labor costs and profit per unit?

A: All expenditures spent by an employer as a result of the employment of labor are referred to as…

Q: (i) A cost that can be traced to a cost object is known as A. A fixed cost B. A variable cost C. A…

A: As posted multiple questions we are answering only first question kindly repost the unanswered…

Q: Define under or over applied overhead.

A:

Q: Choose the three components of product cost from the list below.   a) Indirect material, direct…

A: Product costs seem to be the expenses involved in the production of goods that have been meant for…

Q: Prime cost is:

A: Prime cost is the direct cost incurred in the process of manufacturing a product and typically…

Q: What is the difference between direct materials, indirect materials, direct labor, and indirect…

A:

Q: Conversion cost = Direct Labor + ______? a. Labor b. FOH c. Material d. None of these

A: Solution: Conversion cost = Direct Labor + ______? Correct answer is option b. FOH Explanation…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.