Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prime Cost and Conversion Cost Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $30,000 were put into

image text in transcribed

Prime Cost and Conversion Cost Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $30,000 were put into production. Direct labor of $28,000 (10 workers x 100 hours x $28 per hour) was incurred. Manufacturing overhead equaled $58,000. By the end of the week, the company had manufactured 5,700 hockey sticks. 1. Calculate the total prime cost for last week. 2. Calculate the per-unit prime cost. Round your answer to the nearest cent. per unit 3. Calculate the total conversion cost for last week. 4. Calculate the per-unit conversion cost. Round your answer to the nearest cent. Iper 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

Cost Accounting A Decision Emphasis

Authors: Germain Boer, Debra Jeter

5th Edition

0759341559, 978-0759341555

More Books

Students also viewed these Accounting questions

Question

10. What is meant by a feed rate?

Answered: 1 week ago

Question

Appreciate the legal implications of employment documentation

Answered: 1 week ago