Labrador Company provided the following information for the last calendar year: During the year, direct materials purchases

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Labrador Company provided the following information for the last calendar year:image text in transcribed

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

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Introduction To Cost Accounting

ISBN: 9780538749633

1st International Edition

Authors: Don R. Hansen, Maryanne Mowen, Liming Guan, Mowen/Hansen

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