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Total Manufacturing Cost

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Q: Direct materials plus direct labor plus variable overhead equals?
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Assuming that direct labor is a variable cost product costs under variable costing include only?

B. Direct materials, direct labor, and variable manufacturing overhead.


Is freight in considered part of direct materials or overhead?

Direct Materials


Manufacturing overhead is 20 direct labor is 45000 and direct materials are 53000 what is the manufacturing overhead?

20


Variable manufacturing overhead cost per direct labor hour?

Variable manufacturing overhead cost per direct labor hour means the variable overhead cost spent for one single labor hour and formula is as follows:Variable overhead cost per labor hour = total variable overhead cost / Total direct labor hours


What is an example of how a standard cost is established?

in a factory that produces personal computers, standard costs are often used for direct materials, direct labor, and variable overhead, at the unit level. Resource usage that can be traced exactly to what is to be produced is referred to as direct.


When calculating total cost do you add in variable manufacturing overhead fixed manufacturing overhead or both?

Following is the formula for total costtotal cost = fixed overheads + variable overheads + direct labor + direct material


What are total costs in accounting?

Total cost/ full cost which include Prime Cost *Direct Labour cost *Direct Material Cost *Direct expenses Production Overhead *Variable Overhead *Fixed Overhead Selling and Distribution cost Administration Cost


Is direct Materials a fixed or variable cost?

Variable. Jessica Nichole Sims


Is direct material cost an overhead?

no direct cost is not an overhead


Is the cost of direct materials classified as a conversion cost?

No, Conversion cost is the sum of direct labor cost and manufacturing overhead cost.


Prime cost and conversion cost?

Prime cost = direct materials + direct laborwhile conversion cost = direct labor + factory overhead( which includes indirect materials, indirect labor and other indirect costs


The variable portion of the semi variable cost of electricity for a manufacturing plant is a conversion cost?

yes A cost that attaches to the physical units is termed a product cost. Product costs would include direct materials, direct manufacturing labor, and manufacturing overhead. Conversion cost is the cost involved in converting the direct materials into a finished product. It is composed of direct manufacturing labor and manufacturing overhead. Any cost that does not attach to the physical units would be termed a period cost and would be expensed as incurred. Therefore, a cost is either a period or a product cost. Electricity cost, whether variable or fixed, would be included in manufacturing overhead and classified as conversion costs, and therefore cannot be classified as a period cost.