In Mordica Company, total materials costs are $ 33,000, and total conversion costs are $ 54,000. Equivalent units of production are materials  10,000 and conversion costs  12,000.     Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit   $ enter a dollar amount rounded to 2 decimal places Conversion cost per unit   $ enter a dollar amount rounded to 2 decimal places

Q: Cool Pool has these costs associated with production of 21,022 units of accessory products: direct…

A: There were two types of methods are followed to calculate product costs, 1.Variale costing 2.…

Q: The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that…

A: Ans. Prime cost refers to the direct material and direct labour cost incurred in the manufacturing…

Q: Assuming that the direct materials used are $1,500,000, compute the total manufacturing costs using…

A: Total manufacturing cost is the sum of various costs incurred by a business in order to manufacture…

Q: R Company has the following production information available for June: Total materials costs…

A: Total manufacturing cost is a combination of material cost and conversion cost. So the sum of…

Q: ABD Company's direct labor cost is 30% of its conversion cost. If the manufacturing overhead cost…

A: The conversion cost include direct labor and manufacturing overhead. If direct labor represents 30%…

Q: Ibra Company had the following department information for the month: Total materials costs OMR…

A: Equivalent units are computed when there are partially completed units. Equivalent units are…

Q: Bonita Industries has equivalent units of 8600 for materials and for conversion costs. Total…

A: Conversion cost per unit is calculated by dividing the total conversion cost by total number of…

Q: Caraco Corporation has provided the following production and average cost data for two levels of…

A: Fixed cost is the cost that doesn't change with the change in the output level. Fixed cost will…

Q: Byers Company had the following department information for the month:                Total…

A: Formula: Equivalent material cost per unit =  Equivalent units of materials / Total materials cost

Q: The Cowboy Company had the following department information for the month: Total materials costs…

A: Direct material cost per unit = Total Material Cost Equivalent units of materials = $60,00010,000…

Q: Given the following data, calculate product cost per unit under absorption costing. dir labor:…

A: In absorption costing we consider fixed overhead also as cost of product.

Q: Assume the following information appears in the standard cost card for a company that makes only one…

A: 81.Marials value vrince = Actal amount (Actal value /- normal prce)= /19200 (/10.50 - /11.00)=…

Q: The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that…

A: Prime cost means direct material and direct labour costs. Conversion costs means direct labour cost…

Q: Kingbird Company accumulates the following data concerning raw materials in making one gallon of…

A: Cost is the price at which the product can be purchased.

Q: Hercules Chemical Corporation uses process costing to calculate unit costs. For one of its products,…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: at is the direct labor spending variance?   Multiple Choice   $3,300 U   $600 U

A: Direct Labour refers to the labour directly related to the manufacturing process for producing the…

Q: Ibra Company had the following department information for the month: Total materials costs OMR…

A: Costs which are directly traceable to the cost object are known as direct costs.

Q: Landers Company manufactures a number of products. The standards relating to one of these products…

A: 1. Calculate the total standard cost per unit and total actual cost per unit and show the…

Q: Cool Pool has these costs associated with production of 25,847 units of accessory products: direct…

A: Given that: Direct material costs = $68 Direct Labour costs = $105 Variable manufacturing overhead =…

Q: D. 11,000 units are produced? Total variable costs $ 572,000 For E. and F., what is the total…

A: We are given break up of average cost per unit at 15000 units of production level for various cost…

Q: Beginning work in process (WIP) was $110,800, and ending WIP was $120,100. If total manufacturing…

A: Cost of goods manufactured is calculated as adding beginning WIP to total manufacturing cost and…

Q: ABD Company's manufacturing overhead is 20% of its total conversion costs. If direct labor is…

A: Conversion cost: Conversion cost is the cost to convert direct material into finished goods.…

Q: For Jaja Corp, materials are added at the start of the process in Department Yen. Units received…

A: The units that are completed during a process are termed as equivalent production units. These units…

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: Unit production cost means how much cost has been incurred on production and manufacturing of a…

Q: Abbott Company's manufacturing overhead is 20% of its total conversion costs. If direct labor is…

A: Formula: Total conversion cost = Direct labor + Manufacturing overhead

Q: Prime cost is 86000 OMR, Cost of production 84600 OMR, Opening stock of work in progress is 20000,…

A: Formula: unit production cost = Total Cost of production / Manufacturing units

Q: Required Determine the total fixed cost per unit of production, assuming that Solomon produces…

A:

Q: adison Industries has equivalent units of 8,000 for materials and for conversion costs. Total…

A: The right answer is $ 6.25.

Q: Hofburg's standard quantities for 1 unit of product include 2 pounds of materials and 1.5 labor…

A: =   Working Cost per Unit Direct Material 2*2 4 Direct Material 7*1.5 10.5 Overhead 8*1.5…

Q: In Mordica Company, total materials costs are $39,000, and total conversion costs are $55,560.…

A: Given that, The total material costs are $39,000 and equivalent units of materials produced is…

Q: The prime cost for company XYZ was $28,000, while the conversion cost was $35,000. Assume that…

A: Given Data:  Prime Cost = $28,000 Conversion Cost = $35,000 Direct Labor Cost = 3 x Direct Material…

Q: The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that…

A: The prime cost is the sum total of direct materials and direct labor. Whereas the conversion cost is…

Q: equired: 1. Compute for the cost of work in process end assuming that the 3,000 units were lost at…

A: Inventory management: The organized method of controlling the inventory of the business organization…

Q: The total prime cost of a product was OMR6,500. The variable manufacturing overhead is calculated…

A: Direct labor cost = 30% of direct Material cost Prime cost = direct Material cost + 0.30 direct…

Q: Company has the following production information available for June: Fotal materials costs…

A: Manufacturing cost per unit is calculated based on the cost incurred and equivalent units. Per unit…

Q: The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that…

A: Prime Cost = $20,000 Conversion Cost = $ 25,000 And   Prime Cost = Direct material + Direct Labor

Q: Madison Industries has equivalent units of 4,000 for materials and for conversion costs. Total…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Company's manufacturing overhead is 40% of its total conversion costs. If direct labor is $36,000…

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: Muscat Company has a beginning and ending work in process inventories of OMR 130,000 and OMR 145,000…

A:

Q: Marquis Company estimates that annual manufacturing overhead costs will be $894,600. Estimated…

A: Manufacturing Overhead: Manufacturing overhead is also known as the Indirect Costs. Those are the…

Q: Assume the following information appears in the standard cost card for a company that makes only one…

A: The variance is the difference between the actual data and standard output of the production.

Q: Crane Industries has equivalent units of 7000 for materials and for conversion costs. Total…

A: GIVEN THAT, TOTAL MANUFACTURING COST = $111000 MATERIALS COST = $90000 EQUIVALENT UNITS FOR…

Q: Company XYZ produced 1,000 units of product A. The total manufacturing costs were $30,000. The…

A: Let, Direct labor cost = X So, Manufacturing overhead= 2X and       Direct material cost = 3X

Q: National Co.'s manufacturing overhead is 30% of its total conversion costs. If direct labor is…

A: Total conversion costs = Direct labor costs + manufacturing overhead costs where, manufacturing…

Q: In Mordica Company, total materials costs are $36,500, and total conversion costs are $53,520.…

A: Total units=10,000+12,000=22,000

Q: Ibra Company had the following department information for the mor Total materials costs OMR 48,000…

A: Solution:- Introduction:- Manufacturing cost includes the direct material cost, direct labour cost…

Q: Learned Corporation has provided the following information: Cost per Unit Cost per Period Direct…

A: The direct costs are the cost that are directly related to production of a specific product and…