Question

a) Some selected sales and costs data for job order 515 are given below
SHS
Direct materials used 100,000
Direct labor 150,000
Factory overhead
(all indirect, 40% variable) 75,000
Selling and administration expenses
(50% direct, 60% variable) 120,000
Compute the following:
i) Prime cost
ii) Conversion cost
iii) Direct cost
iv) Indirect cost