The following information is for S&P Enterprises for the month of July: Direct materials $76,000 Direct labor $40,000 Variable manufacturing overhead $25,000 Fixed manufacturing overhead $30,000 Variable selling expense $12,000 Fixed selling expense $15,000 Variable administrative expense $6,000 Fixed administrative expense $18,000 Total conversion cost for the month of July was:.

Conversion costs= $95,000

Explanation:

Giving the following information:

Direct labor $40,000

Variable manufacturing overhead $25,000

Fixed manufacturing overhead $30,000

The conversion costs are the sum of direct labor and total manufacturing overhead.

Conversion costs= 40,000 + (25,000 + 30,000)

Conversion costs= $95,000

Explanation:

A voidable contract, unlike a void contract, is a valid contract which may be either affirmed or rejected at the option of one of the parties. At most, one party to the contract is bound. The unbound party may repudiate the contract, at which time the contract becomes void.