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any help? thanks! Patel Company uses a manufacturing process that has two distinct stages: P1 and P2. Raw material is consumed in P1 at the
any help? thanks!
Patel Company uses a manufacturing process that has two distinct stages: P1 and P2. Raw material is consumed in P1 at the beginning of the process. No additional material is required in the second stage of the process (in P2). The following information pertains to the production of 10,000 units of output in March of last yea Assume all units are completed at the end of March. Assume all costs are added in March. P1 P2 Direct materials $100,000 $ 0 Direct labor $ 80,000 $160,000 Equipment maintenance 20,0 $ 40,000 Plant depreciation $ 40,000 $ 60,000 Required: a. Determine the direct material cost per unit of output. b. Determine the conversion cost per unit of output for Stage P1 and Stage P2. Ni eStep by Step Solution
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