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

Question 19

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From the following information for the Norman Company,compute prime costs and conversion costs.
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. 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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