Ask Question
3 September, 02:55

g In May direct labor was 60% of conversion cost. If the manufacturing overhead for the month was $54,000 and the direct materials cost was $30,000, the direct labor cost was::

+4
Answers (1)
  1. 3 September, 03:11
    0
    Direct labor cost was:: $ 14,400

    Explanation:

    Total Manufacturing Costs=Direct Materials+Conversion Costs

    Total Manufacturing Costs $ 54,000

    Less Direct Materials $ 30,000

    Conversion Costs $ 24,000

    Conversion Costs = Direct labor + Factory Overhead

    Direct labor was 60% of conversion cost

    Direct Labor = 60% Of $ 24,000 = (60/100) * 24,000 = $ 14,400

    Factory Overhead = $ 24,000 - $ 14,400 = $ 9,600

    Factory Over head = 40 % of Conversion Costs = 40 % 0f 24,000 = $ 9,600
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “g In May direct labor was 60% of conversion cost. If the manufacturing overhead for the month was $54,000 and the direct materials cost was ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers