value: 2.00 points M1-9 Calculating Missing Amounts [LO 1-4] For each of the fol

Question

value: 2.00 points M1-9 Calculating Missing Amounts [LO 1-4] For each of the following independent cases A-D, compute the missing values in the table below. Direct Labor Manufacturing 2,000 1,325 1,500 Direct Materials Prime Cost Conversion Cost Case Overhead 900$ 400 1,300 $ 700 750 2,650 2,880 1,600 2,000 References eBook & Resources Worksheet Difficulty: 1 Easy M1-9 Calculating Missing Amounts [LO 1-4] Learning Objective: 01-04 Define and give examples of different types of cost: Out-of-pocket or opportunity costs, Direct or indirect costs, Variable or fixed costs Manufacturing or nonmanufacturing costs, Product or period costs, Relevant or irrelevant costs

Explanation / Answer

Case A: Prime cost 2200 =900+1300 Conversion cost 3300 =1300+2000 Case B: Direct labor 2250 =2650-400 Conversion cost 3575 =2250+1325 Case C: Direct materials 2180 =2880-700 Conversion cost 2200 =700+1500 Case D: Direct materials 850 =1600-750 Manufacturing overhead 1250 =2000-750

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