Managerial Accounting: Tools For Business Decision Making, Seventh Edition Wileyplus Card
7th Edition
ISBN: 9781118680698
Author: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
Publisher: John Wiley & Sons Inc
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Textbook Question
Chapter 3, Problem 3.8BE
Compute unit costs. (LO 4), AP
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $12,000, labor $29.500. and overhead $18.000. Equivalent units of production are materials 20.000 and conversion costs 19.000. Compute the unit costs for materials and conversion costs.
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Production costs chargeable to the Finishing Department in June in Hollins Company are materials $ 12,000, labor $ 29,500, and overhead $ 18,000. Equivalent units of production are materials 20,000 and conversion costs 19,000.Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.)
Materials cost per unit
$
Conversion 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?
Subject: Cost management & accounting
MCQs:
1) Grover Company has the following data for the production and sale of 2,000 units. Sales price per unit $ 800 per unitFixed costs: Marketing and administrative $ 400,000 per periodManufacturing overhead $ 200,000 per periodVariable costs: Marketing and administrative $ 50 per unitManufacturing overhead $ 80 per unitDirect labor $ 100 per unitDirect materials $ 200 per unitWhat is the total manufacturing cost per unit? a) $380 b) $480 c) $730 d) $430
2) Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct labor 19 Fixed manufacturing overhead 12 Variable marketing and administrative 7 Vegas produced and sold 10,000 units. If the product sells for $100, what is the gross margin?…
Chapter 3 Solutions
Managerial Accounting: Tools For Business Decision Making, Seventh Edition Wileyplus Card
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