Cost Accounting: A company bakes and sells muffins. The company's costs for the period include

A company bakes and sells muffins. The company's costs for the period include: Wages of bakers making muffins, $24,000; salary of bakery supervisor, $6,000; depreciation expense on bakery equipment, $2,000; advertising costs, $520; and flour and ingredient costs, $15,000. Compute the total (a) prime cost and (b) conversion cost.
Complete this question by entering your answers in the tabs below.
Prime Cost
Conversion Cost

#CostAccounting
#Accounting
#Techniques
#Solutions