Compute conversion costs given the following data: direct materials, $361,300; direct labor, $195,300; factory overhead, $216,700 and selling expenses, $42,200. a.$412,000 b.$773,300 c.$578,000 d.$174,500

a. $412,000

Explanation:

Conversion cost is the combination of direct labor and manufacturing overhead which directly or indirectly are necessary to produce a product other than the direct raw materials.

We know,

Conversion costs = Direct Labor + Manufacturing Overhead

Here,

Manufacturing overhead = Indirect material + Indirect Labor + Indirect overhead (including variable and fixed overhead)

Given,

Direct labor = $195,300

Manufacturing overhead = Factory overhead = $216,700

Selling expenses will not be included because it is not a direct or indirect overhead expense.

Therefore,

Conversion costs = $195,300 + $216,700

Conversion costs = $412,000

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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