Question 1 :- Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $20,000 were put into production. Direct labor of $28,000 (10 workers x 100 hours x $28 per hour) was incurred. Manufacturing overhead equaled $55,000. By the end of the week, the company had manufactured 5,500 hockey sticks.

1.Calculate the total prime cost for last week.

$fill in the blank 1

2.Calculate the per-unit prime cost. Round your answer to the nearest cent.

$fill in the blank 2

per unit

3.Calculate the total conversion cost for last week.

$fill in the blank 3

4.Calculate the per-unit conversion cost. Round your answer to the nearest cent.

$fill in the blank 4

per unit

Question 2:- Prime Cost and Conversion Cost

Grin Company manufactures digital cameras. In January, Grin produced 2,000 cameras with the following costs:

Direct materials$440,000Direct labor120,000Manufacturing overhead448,000

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?

$fill in the blank 1

2.What was the prime cost per unit in January?

$fill in the blank 2

per unit

3.What was the total conversion cost in January?

$fill in the blank 3

4.What was the conversion cost per unit in January?

$fill in the blank 4

per unit

Question 3:- Cost of Goods Sold

Allyson Ashley makes jet skis. During the year, Allyson manufactured 94,000 jet skis. Finished goods inventory had the following units:

January 16,800December 317,200

Required:

1.How many jet skis did Allyson sell during the year?

fill in the blank 1

units

2.If each jet ski had a product cost of $2,200, what was the cost of goods sold last year?

$fill in the blank 2

Question 4;- Jasper Company provided the following information for last year:

CostsAmountSales in units335,000Selling price$14Direct materials$144,000Direct labor$501,000Manufacturing overhead$110,000Selling expense$430,000Administrative expense$865,000Last year, beginning and ending inventories of work in process and finished goods equaled zero.

Required:1.Calculate the sales revenue for last year.2.prepare an income statement for Jasper for last year.