Assume (1) the direct labor cost of $40,000 is 25% of total conversion costs and...
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Assume (1) the direct labor cost of $40,000 is 25% of total conversion costs and 40% of total prime costs, (2) the total selling and administrative expense is $62,000, (3) the only variable selling and administrative expense is sales commissions of 4% of sales, (4) all manufacturing overhead costs are fixed costs, and (5) there are no beginning or ending inventories. What is the total manufacturing overhead cost?
Assume (1) the direct labor cost of $40,000 is 25% of total conversion costs and 40% of total prime costs, (2) the total selling and administrative expense is $62,000, (3) the only variable selling and administrative expense is sales commissions of 4% of sales, (4) all manufacturing overhead costs are fixed costs, and (5) there are no beginning or ending inventories. What is the total manufacturing overhead cost
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