Compute conversion costs given the complying with data: Direct Materials, $301,700; Direct Labor, $86,000; Factory Overhead, $252,300; and Selling Expenses, $45,290.

You are watching: Materials must have which two qualities in order to be classified as direct materials?


small plastic clips to hold on door panels, that become component of the auto, have to be accounting for as direct products.
they need to be an integral part of the finished product and also be considerable portion of the full product expense.

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what term is provided to refer to the expense of transforming straight materials in a finiburned made product?
an integral component of the finimelted product, and a significant portion of the total cost of the product
costs other than dm and dl that are incurred in the production procedure are combined and also classified as
heating, lighting, repairs and also keeping factory devices, building taxes, insurance, depreciation of factory plant and equipment
is composed of direct products costs, direct labor costs, and also factory overhead costs for commodities that have actually been gotten in in the manufacturing procedure yet not yet finish.
At the beginning of 2015, the Primo Company"s work in process inventory account had actually a balance of $30,000. During 2015, $68,000 of straight products were supplied in manufacturing, and $66,000 of straight labor prices were incurred. Factory overhead in 2015 amounted to $90,000. Cost of products manufactured is $220,000 in 2015. The balance in occupational in procedure inventory on December 31, 2015, is:
which of the following are the two major types of price audit devices for production operations
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Fundamentals of Corpoprice Finance11th EditionBradford D. Jordan, Randolph W. Westerarea, Stephen A. Ross
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