Compute conversion costs given the following data: Direct Materials, $347,500; Direct Labor, $196,300; Factory Overhead, $187,900; and Selling Expenses, $45,290.
A)$543,800
B)$187,900
C)$731,700
D)$384,200

Question

Quizplus · Accepted Answer

Conversion costs are the sum of direct labor and factory overhead. Therefore, $196,300 (Direct Labor) + $187,900 (Factory Overhead) = $384,200.

Compute Conversion Costs Given the Following Data: Direct Materials, $347,500;