Question
I need to answer this. I did what I think i need to do below with the conversion costs. Did I do this correctly? Estimate
I need to answer this. I did what I think i need to do below with the conversion costs. Did I do this correctly?
Estimate and explain the cost per cookie based on process costing with 40% conversion costs. Identify the top three processes you feel are needed to make the cookies and prepare a production cost sheet for one of those processes.
Cost:MaterialLaborOverheadTrans InTotal
Beginning WIP $-----
Cost incurred$90.00 $480.00 $144.00 -$714.00
Total90.480.00 144.00 714.00
Units:
Units Complete1,000.00 1,000.00 1,000.00 1,000.00
Equivalent Units 1000 x 100%= 1000% 1000x 40%=4001000 x 40%=400
Total-
Cost per unit$0.09 $1.20 $0.36 $1.65
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