The following cost relate to COBEED for the year: Distribution Cost 123,000 Direct Materials 234,000 Conversion cost 456,000 Factory overhead 111,000 Compute for total prime cost:
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A: Calculate direct material cost per equivalent unit.
Q: Compute conversion costs given the following data: direct materials, $354,200; direct labor,…
A: Conversion costs are the costs that are incurred by the manufacturing companies when converting raw…
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A: The cost per equivalent unit is calculated as total cost divided by no. of equivalent units.
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A: Formula: Equivalent material cost per unit = Equivalent units of materials / Total materials cost
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A: The unit cost seems to be the sum of money that costs a business to create one item.
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A: Conversion cost means the cost incurred to convert the direct material into the finished goods.…
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A: Total conversion cost = Direct labor + factory overhead = $35,000 + $25,000 = $60,000
Q: (a) Materials costs per equivalent unit and (b) Conversion cost per equivalent unit
A: Materials Cost per unit is the value of materials required to produce one unit of product using the…
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A: WIP Means work in progress is inventory has begun the manufacturing process.
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A: Conversion Cost: The cost that includes direct labor and factory overheads is reported as conversion…
Q: Compute conversion costs given the following data: direct materials, $353,800; direct labor,…
A: Solution- Conversion costs are the costs involved in converting the direct material into the product…
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A: Solution:-1 Calculation of the amount of the prime costs as follows under:-
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The following cost relate to COBEED for the year:
Distribution Cost 123,000
Direct Materials 234,000
Conversion cost 456,000
Factory
Compute for total prime cost:
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- Compute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,900; and selling expenses, $45,290. a.$543,800 b.$187,900 c.$384,200 d.$731,700Compute conversion costs given the following data: direct materials, $359,700; direct labor, $190,200; factory overhead, $197,100 and selling expenses, $47,700. a. $747,000 b. $149,400 c. $387,300 d. $556,800Given the following data, calculate product cost per unit under absorption costing. dir labor: $7.00. Direct Materials: $1.00. total variable overhead: 20,000. Total fixed overhead: 90000 expected units to be produced: 40,000
- Compute conversion costs given the following data: direct materials, $394,300; direct labor, $209,800; factory overhead, $177,600 and selling expenses, $44,500. Oa. $571,900 Ob. $387,400 Oc. $781,700 Od. $133,100Compute conversion costs given the following data: direct materials, $363,200; direct labor, $204,600; factory overhead, $192,100 and selling expenses, $39,100. a. $555,300 b. $759,900 O c. $153,000 od. $396,700In a given period production and cost data were as follows: Total Costs Materials GHS5,115 Labour 3,952 Overheads 3,000 12,067 Production was 1,400 fully complete units and 200 partly complete. The degree of completion of the 200 units WIP was as follows: Material 75% Complete Labour 60% Complete Overheads 50% Complete Calculate the total equivalent production, the cost per complete unit and the value of WIP.
- The following production overhead costs relate to a production department XY, Budget $372,000Actual $425,000Absorbed $391,000 Calculate the over or under absorbed of the overhead? show solutionFor each of the following independent cases (A through E), compute the missing values in the table: Case A BCDE Prime Cost 6,840 11,610 Conversion Cost 11,570 7,930 20,560 Direct Materials $ 2,140 $ 2,300 1,440 3,500 Direct Labor Manufacturing Overhead 1,010 S 3.120 1,910 3,560 7,030 3,050 Total Manufacturing Cost 9,370 5,900The following were incurred for the month: direct materials = ₱ 117,000; manufacturing overhead = ₱63,000; direct labor = ₱ 78,000; selling Expenses = ₱42,000; and administrative expenses = ₱81,000. Prime cost would total to: a. ₱ 180,000 b. ₱ 141,000 c. ₱ 195,000 d. ₱ 120,000 e. ₱ 258,000 f. ₱ 381,000
- The following department data are available: Total materials costs $216,000 Equivalent units of materials 20,000 Total conversion costs $126,000 Equivalent units of conversion costs 10,000 What is the total manufacturing cost per unit?A department had the following information for the month: Total materials costs P45,000 Conversion cost per unit P3.00 Total manufacturing cost per unit P5.50 What are the equivalent units of production for materials?Costing information for Emily Elephant Limited is as follows:Direct material cost per unitDirect labour cost per unitVariable manufacturing overhead cost per unitVariable selling and administrative overhead cost per unitFixed manufacturing overhead for the year£41 £43£6£4£44,000Budgeted production for the year was 4,000 units. What is the budgeted unit product cost according to an absorption costing system? a. £90 b. £101 c. £105d. £94
