Kimbe Factory provided the following information for the last calender year, Beginning inventory direct materials......K50 700 Work in process.....K59 000 Ending inventories direct material.....K21 000 Work in process......K23 600 During the year, direct materials purchased amounted K150 000, direct labour cost was K200 000 and overhead cost was K324 70
Kimbe Factory provided the following information for the last calender year,
Beginning inventory direct materials......K50 700
Work in process.....K59 000
Ending inventories direct material.....K21 000
Work in process......K23 600
During the year, direct materials purchased amounted K150 000, direct labour cost was K200 000 and overhead cost was K324 700. There were 100 000 units produced
Required:
1. Calculate the total cost of direct materials used in production.
2. Calcate the cost of goods manufactured.
3. Calculate the unit
4. Of the unit manufacturing cost calculated in rsquirement 3, assume K1.50 is direct materials and K3.24 is overhead. What is the Prime cost per unit?
5. What is the conversion cost per unit, using the information on 4?
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