Compute conversion cost.

Calculate the maximum stock level.
December 21, 2020
Explain the advantages and disadvantages of Internet survey research.
December 22, 2020

Some selected sales and cost data for job order 515 are given below.

Direct materials used $100,000

Direct labor 150,000

Manufacturing overhead

(all indirect, 40% variable) 75,000

Selling and administrative expenses

(50% direct, 60% variable) 120,000

Compute the following: (a) prime cost, (b) conversion cost, (c) direct cost, (d) indirect cost, (e) product cost, (f) period expense, (g) variable cost, and (h) fixed cost.