Prime Costs were $50,000
Conversion Costs were $40,000
Selling Expenses were $30,000
Direct Materials were $35,000
How much was Manufacturing Overhead?
2. Which of the following costs would be shown in the Income Statement as a period expense?
a. direct labor
b. direct materials
c. selling expenses
3. Steve has been struggling due to losses from gambling. In addition, Covid has hurt his ability to generate income from some of his odd jobs that he does on the weekend. Steve is considering committing fraud and stealing inventory as a way to solve his problems. Which of the fraud triangle aspects is this describing?
a. opportunity
b. reputation
c.pressure
