Labrador Company provided the following information for the last calendar year: During the year, direct materials purchases
Question:
Labrador Company provided the following information for the last calendar year:
During the year, direct materials purchases amounted to $160,200, direct labor cost was $225,600, and overhead cost was $308,400. There were 10,000 units produced.
Required:
1. Calculate the total cost of direct materials used in production.
2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost.
3. Ofthe unit manufacturing cost calculated in Requirement 2, $18.60 is direct materials and $30.85 is overhead. What is the prime cost per unit? Conversion cost per unit?LO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Introduction To Cost Accounting
ISBN: 9780538749633
1st International Edition
Authors: Don R. Hansen, Maryanne Mowen, Liming Guan, Mowen/Hansen
Question Posted: