Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In a company, total materials cost is $35600, and total conversion cost are $58320 for June. Equivalent units of production are materials 10000 and conversion

In a company, total materials cost is $35600, and total conversion cost are $58320 for June. Equivalent units of production are materials 10000 and conversion costs 12000. What is the materials cost per unit and the conversion cost per unit Answer: The materials cost per unit is $3.56 and the conversion cost per unit is $4.86. Explanation: To calculate the cost per unit, you divide the total cost by the equivalent units of production. For materials, the cost per unit would be: Materials cost per unit = Total materials cost / Equivalent units of production for materials = $35,600 / 10,000 units = $3.56 per unit For conversion costs, the cost per unit would be: Conversion cost per unit = Total conversion cost / Equivalent units of production for conversion costs = $58,320 / 12,000 units = $4.86 per unit So, the materials cost per unit is $3.56 and the conversion cost per unit is $4.86. What is the total manufacturing cost per unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud Examination

Authors: W. Steve Albrecht

6th Edition

1337619671, 978-1337619677

More Books

Students also viewed these Accounting questions

Question

5. How quickly can we manage to collect the information?

Answered: 1 week ago

Question

3. Tactical/strategic information.

Answered: 1 week ago

Question

3. To retrieve information from memory.

Answered: 1 week ago