1 answer

I cannot find a formula to calculate this answer. I know how to get to the...

Question:

I cannot find a formula to calculate this answer. I know how to get to the labor cost, but not the Overhead cost.

MC Qu. 182 A companys prime costs... A companys prime costs total $4,509,000 and its conversion costs total $5,510,000. If

MC Qu. 182 A company's prime costs... A company's prime costs total $4,509,000 and its conversion costs total $5,510,000. If direct materials are $2,011,000, calculate the overhead costs: Multiple Cholce $2,498,000 $3.012.000. $1.001000 $2,011,000. $3,499,000.

Answers

Prime cost = Direct material+Direct labor

4509000 = 2011000+X

Direct labor = 2498000

Conversion Cost = Direct labor + Overhead

5510000 = 2498000+X

X(Overhead) = 5510000-2498000 = 3012000

So answer is b) $3012000

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