From the following information for the Norman Company,compute prime costs and conversion costs.
Raw material purchased during the period cost $40,800; overhead incurred and paid or accrued for the period was $21,750; and 23,600 direct labor hours were incurred at a rate of $13.75 per hour.

Question

From the following information for the Norman Company,compute prime costs and conversion costs.
  Raw material purchased during the period cost $40,800; overhead incurred and paid or accrued for the period was $21,750; and 23,600 direct labor hours were incurred at a rate of $13.75 per hour.

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The Answer of From the following information for the Norman Company,compute prime costs and conversion costs.
  Raw material purchased during the period cost $40,800; overhead incurred and paid or accrued for the period was $21,750; and 23,600 direct labor hours were incurred at a rate of $13.75 per hour.

From the Following Information for the Norman Company,compute Prime Costs