A company manufactures basketball hoops. Compute the total amount of conversion costs from the following...
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A company manufactures basketball hoops. Compute the total amount of conversion costs from the following costs. (Hint: recall that prime costs = DM + DL and conversion costs = DL + MOH. Begin by labeling each item as DM, DL, and MOH. If it is DM, it is not included in the conversion cost.) a. Metal for rims, $12,000 b. Indirect materials, $5,000 c. Fiberglass backboards, $14,000 d. Insurance on the factory, $8,000 e. Assembly worker wages, $20,000 f. Assembly supervisor salary, $9,000 g. Factory utilities, $4,000 h. Nets, $5,000 i. Assembly worker benefits, $6,000
A compary manufactures basketball hoops, Compute the tocal amount of conversion costs from the following costs. (Hint recall that prime costs =DM+DL and conversion costs =DL+MOH, Begin by labcling each item as DM,DL, and MOH. If it is DM, it is not induded in the corversion cost.) a. Metal for rims. $12,000 b. Indirect matenals, 55,000 c. Fiberglass backboards, $14,000 d. Insurance on the fagiory, $8,000 e. Assembly worker wages, $20,000 t. Assembly supervisor Ealary, $9,000 2. Factory utilies $4,000 h. Nets, $5,000 1. Assembly worker benefits, $6,000
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