Fill in prime and conversion cost

Exercise and reference answers

Missing parts

1. Answer

   1,200

   Choices

   1. 1,000
   2. 1,500
   3. 1,200

2. Answer

   800

   Choices

   1. 800
   2. 1,000
   3. 1,200

Complete the statement

Direct materials $700 plus direct labor $500 gives a prime cost of ${0}. Direct labor $500 plus factory overhead $300 gives a conversion cost of ${1}.

Instructions

Tap the amount that fills each gap.

Explanation