The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000;

Question:

The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400.

A. What are the prime costs?

B. What are the conversion costs?

C. What is the total product cost?

D. What is the total period cost?

E. If 13,750 equivalent units are produced, what is the equivalent material cost per unit?

F. If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Accounting Volume 2 Managerial Accounting

ISBN: 9780357364802

1st Edition

Authors: OpenStax

See More Books

Question Posted: Jul 21, 2023 11:29 PM

See More Questions

The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct...
The following product costs are available for Arrez Company on the production of DVD cases: direct materials, $1,450; direct labor, $15.50; manufacturing overhead, applied at 150% of direct labor...
The following product costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22,000; manufacturing overhead, $16,500; selling expenses, $6,900;...
T-bills currently yield 3.9 percent. Stock in Nina Manufacturing is currently selling for $63 per share. There is no possibility that the stock will be worth less than $61 per share in one year. a....
Julian Manufacturing Co. manufactures an integrated transistor circuit board for repeat customers but also accepts special orders for the same product. Job No. MS1 incurred the following unit costs...
Oak Cove Resorts has eight employees. The owner wants to perform a benefit analysis report for the year for one of its employees, Tristan Cassidy. Tristans benefits package is as follows: Annual...
Moose & Walrus (M&W) is a manufacturer of a popular line of clothing for young people. M&W is firmly established in its home market, which is relatively saturated and has little prospects for future...
The accounts below, in alphabetical order, are adapted from Le Chateau inc.'s recent statement of financial position (amounts in thousands of dollars): Required 1. Prepare, in good form, a classified...
Debbie is the Finance Manager for Freddies Fine Furniture, makers of unique chairs and sofas. The company supplying Freddies the wood to make their furniture has offered to let Freddies pay for their...
Which of the following production characteristics is better suited for process costing and not job order costing? A. Each product batch is distinguishable from the prior batch. B. The costs are...
Vexar manufactures nails. Manufacturing is a one-step process where the nails are forged. This is the information related to this years production: Ending inventory was 100% complete as to materials...
Explain the difference between service companies, merchandising companies, and manufacturing companies.
1) What are the benefits of home-based working for the company and the employees? 2) What are the challenges in performance management in working from home? 3) What is the right mix of office-based...
This assignment is focused on project selection and the underlying factors used to make this determination. You will need to use the readings/videos, the previous learning modules, along with some...
1. While improper framing could affect the information we have on sark attacks, I think our decisions come down to "anchoring and adjustment". Because the information we received from the media was...
For each of the scenarios in the following table, indicate the most likely reason for the difference in earnings. Scenario Differences in Human Capital Compensating Differential Differences in...
All organizations whether it is the government, a private business or small businessman require planning. To turn their dreams of increase in sale, earning high profit and getting success in business...
Darcie Warner, an analyst at the U.S. Census Bureau, is researching why the percentage of households without access to the internet varies by state. This measure (NOINT) will be the dependent...
Nitrogen monoxide reacts with hydrogen as follows: 2NO(g)+ H2(g) N2O(g) + H2O(g) The rate law is [H2]/ t = k[NO]2[H2], where k is 1.10 107 L2/(mol2s) at 826oC. A vessel contains NO and H2 at...
Record the following transactions in the cash disbursements journal: Mar. 1 Mar. 3 Mar. 5 Paid Duke Mfg (account number D101) $980 for inventory purchased on Feb. 27 for $1,000. Duke Mfg offered...
What is a schedule of accounts receivable?
A customer just charged $150 of merchandise on the companys own charge card. Which specia journal would the company use to record this transaction? A. Sales journal B. Purchases journal C. Cash...
En prenant un exemple de votre choix, montrer comment on value un swap de taux de change.
How much would you need to invest today in order to receive: a. $10,000 in 5 years at 11%? b. $11,000 in 12 years at 8%? c. $12,000 each year for 10 years at 8%? d. $12,000 at the beginning of each...
A company that manufactures pulse Doppler insertion flow meters uses the Straight Line method for book depreciation purposes. Newly acquired equipment has a first cost of $190,000 with a 3-year life...

The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000;

Question:

Step by Step Answer:

To calculate the various costs for Stellis Company we need to understand the definitions of prime costs conversion costs total product cost and total ...View the full answer

Principles Of Accounting Volume 2 Managerial Accounting

Students also viewed these Business questions