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Use the following information for Brief Exercises 2-27 and 2-28: Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers for use in dorm rooms, apartments, homes, and travel situations where customers desire high-quality coffee in small amounts. Last week, direct materials (stoneware, paint, enamel, and steel) costing $100,000 were put into production. Direct labor of $18,000 (10 workers × 100 hours × $18 per hour) was incurred. Manufacturing overhead equaled $50,000. By the end of the week, Morning Smiles had manufactured 2,000 Stoneware French Press coffee makers. 2-28 Prime Cost and Conversion Cost Refer to the information for Morning Smiles Coffee Company on the previous page. Required: 1. Calculate the total prime cost for last week. 2. Calculate the per-unit prime cost. 3. Calculate the total conversion cost for last week. 4. Calculate the per-unit conversion cost.

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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
Publisher: Cengage Learning
ISBN: 9781337115773
BuyFind

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
Publisher: Cengage Learning
ISBN: 9781337115773

Solutions

Chapter 2, Problem 28BEB
Textbook Problem

Use the following information for Brief Exercises 2-27 and 2-28:

Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers for use in dorm rooms, apartments, homes, and travel situations where customers desire high-quality coffee in small amounts. Last week, direct materials (stoneware, paint, enamel, and steel) costing $100,000 were put into production. Direct labor of $18,000 (10 workers × 100 hours × $18 per hour) was incurred. Manufacturing overhead equaled $50,000. By the end of the week, Morning Smiles had manufactured 2,000 Stoneware French Press coffee makers.

2-28 Prime Cost and Conversion Cost

Refer to the information for Morning Smiles Coffee Company on the previous page.

Required:

  1. 1. Calculate the total prime cost for last week.
  2. 2. Calculate the per-unit prime cost.
  3. 3. Calculate the total conversion cost for last week.
  4. 4. Calculate the per-unit conversion cost.

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Chapter 2 Solutions

Managerial Accounting: The Cornerstone of Business Decision-Making
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