Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Calculator Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 4,250 cameras with the following costs: Direct materials $1,000,000 104,000
Calculator Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 4,250 cameras with the following costs: Direct materials $1,000,000 104,000 Direct labor Manufacturing overhead 672,000 There were no beginning or ending inventories of WIP. Required: If required, round your answers to the nearest cent. 1. What was the total prime cost in January? $ 1,104,000 2. What was the prime cost per unit in January? $ 269.76 per unit 3. What was the total conversion cost in January? 4. What was the conversion cost per unit in January? per unit
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/668e19ee9443a_781668e19edf1223.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started