QUESTION 7 2 points The following costs were incurred in August: e Question Comp

Question

QUESTION 7 2 points The following costs were incurred in August: e Question Completion Status: Direct Materials Direct Labor Manufacturing Overhead$33,000 Selling Expenses Administrative Expenses $18,000 $21,000 $14,000 $19,000 Conversion costs during the month of August totaled: O a $39,000. b.$105,000. c, $54,000. O d.$51,000. QUESTION 8 2 point Bell Company's manufacturing overhead is 20% of its total prime costs. If direct labor is $38,000 and direct materials are $23,000, the manufacturing overhead is: O a. $12,200. O b $152,000. c, $5,750. O d. $15,250. Click Save and Submit to save and submit. Click Save All Answers to so

Explanation / Answer

The conversion cost =Total Manufacturing Cost -Direct Material

                              =$72000-$18000

                              =$54000

There fore the correct option is $54000.

The Prime cost =Direct Material +Direct Labour

                         =$23000+$38000

                         =$61000

Manufacturing OH is 20% of Prime Cost =20% of $61000

                                                                 =$12200.

There fore the correct option is $12200.

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