Some selected sales and cost data for job order 515 are given below.
|
Direct materials used
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$100,000
|
|
Direct labor
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150,000
|
|
Factory overhead
|
|
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(all indirect, 40% variable)
|
75,000
|
|
Selling and administrative expenses
|
|
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(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.