Answered step by step
Verified Expert Solution
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 $27,000 were put into
Prime Cost and Conversion Cost Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $27,000 were put into production. Direct labor of $28,000 (10 workers x 100 hours x $28 per hour) was incurred. Manufacturing overhead equaled $59,000. By the end of the week, the company had manufactured 3,300 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. per unit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started