Refer to the following data. Direct material used Selling costs Indirect labour Administrative costs $150 000 $5.000 $7.000 $10.000 Depreciation on factory equipment$70.000

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 8EB: A production department within a company received materials of $7,000 and conversion costs of $5,000...
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Refer to the following data.
Direct material used
Selling costs
Indirect labour
Administrative costs
$150 000
$5.000
$7.000
$10 000
Depreciation on factory equipment$70 000
Direct labour
$40 000
Overtime premiums paid
$20 000
Indirect materials
$45 000
The conversion costs are:
O a. $150 000.
O b. $142 000.
O c. $182 000.
Od. $190 000.
Transcribed Image Text:Refer to the following data. Direct material used Selling costs Indirect labour Administrative costs $150 000 $5.000 $7.000 $10 000 Depreciation on factory equipment$70 000 Direct labour $40 000 Overtime premiums paid $20 000 Indirect materials $45 000 The conversion costs are: O a. $150 000. O b. $142 000. O c. $182 000. Od. $190 000.
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