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University Of Texas At Austin Operations And Supply Chain Management Assignment Help - the records


Question - Information from the records of the Maple Corporation for July 2014 was as follows:



Sales $1,230,000



Selling and administrative expenses 210,000



Direct materials used 264,000



Direct labor 300,000



Factory overhead * 405,000



*variable overhead is $205,000, fixed overhead is $200,000



Inventories



July 1, 2014 July 31, 2014



Direct materials $36,000 $42,000



Work in process 75,000 84,000



Finished goods 69,000 57,000

a) The conversion cost is
b) The prime costs are

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