We appreciate your visit to Benton Engineering Services Company incurred the following costs during 2016 Direct labor 94 000 Overhead 126 000 Selling expenses 112 000 Administrative expenses 102 000. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Answer:
Prime cost = $94,000
Conversion cost = $135,400.
Explanation:
Prime cost is the addition of direct material cost , direct labor cost and direct expenses.
Conversion cost is the cost of converting raw materials into finished product. It s the sum of direct labour cost and production overheads.
For Bento Engineering,
Prime cost = direct labour cost (since no figure is given for direct material and direct expenses.)
Prime cost = $94,000
Conversion cost = Direct labour cost + overheads
Conversion cost = $94,000 + 126,000
= $135,400.
Prime cost = $94,000
Conversion cost = $135,400.
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