Manufacturing, Nonmanufacturing; Prime Costs, Conversion Costs The following is a list of manufacturing costs incurred by Eros Manufacturing Co. during April: Direct materials used ......................................P154,800 Indirect materials used ...................................... 63,000 Direct labor employed ........................................ 392,500 Indirect labor employed ...................................... 175,300 Utilities expense - factory .................................. 91,200 Rent expense - factory ...................................... 140,800 Depreciation expense - factory equipment ....... 82,000 1. Calculate the factory overhead cost incurred. 2. Calculate the direct manufacturing costs for the month of April. 3. How much is the conversion cost?
Manufacturing, Nonmanufacturing; Prime Costs, Conversion Costs The following is a list of manufacturing costs incurred by Eros Manufacturing Co. during April: Direct materials used ......................................P154,800 Indirect materials used ...................................... 63,000 Direct labor employed ........................................ 392,500 Indirect labor employed ...................................... 175,300 Utilities expense - factory .................................. 91,200 Rent expense - factory ...................................... 140,800 Depreciation expense - factory equipment ....... 82,000 1. Calculate the factory overhead cost incurred. 2. Calculate the direct manufacturing costs for the month of April. 3. How much is the conversion cost?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Manufacturing, Nonmanufacturing; Prime Costs, Conversion Costs
The following is a list of manufacturing costs incurred by Eros Manufacturing Co. during April:
Direct materials used ......................................P154,800
Indirect materials used ...................................... 63,000
Direct labor employed ........................................ 392,500
Indirect labor employed ...................................... 175,300
Utilities expense - factory .................................. 91,200
Rent expense - factory ...................................... 140,800
Depreciation expense - factory equipment ....... 82,000
Direct materials used ......................................P154,800
Indirect materials used ...................................... 63,000
Direct labor employed ........................................ 392,500
Indirect labor employed ...................................... 175,300
Utilities expense - factory .................................. 91,200
Rent expense - factory ...................................... 140,800
Depreciation expense - factory equipment ....... 82,000
1. Calculate the factory overhead cost incurred.
2. Calculate the direct manufacturing costs for the month of April.
3. How much is the conversion cost?
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