1. The Packaging Department had the following production. What is the cost per equivalent units for materials? Beginning Units Transferred Out Units Ending Units (60% materials, 40% conversion) 50,000 Materials Costs Conversion Costs Total Costs |20,000 120,000 |S480,000 |$210,000 S690,000
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Q: A company produced 500 units of a product and incurred the following costs. Direct materials,…
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Q: The total conversion cost for company XYZ was four times the prime cost. The direct labor cost was…
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A: Hi student Since there are multiple subparts, we will answer only first three subparts.
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- The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $16,000 B. $50,000 C. $103,000 D. $120000Subject: 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?…
- Compute conversion costs given the following data: direct materials, $397,000; direct labor, $192,200; factory overhead, $201,100 and selling expenses, $36,800. a.$393,300 b.$164,300 c.$790,300 d.$598,100The following department data are available: Total materials costs OMR 180,000 Equivalent units of materials 60,000 Total conversion costs OMR 105,000 Equivalent units of conversion costs 30,000 What is the total manufacturing cost per unit? Select one: O a. OMR 3.50. O b. OMR 4.75. O c. OMR 3.00. O d. None of the answers are correct e. OMR 6.90.Company XYZ has total prime cost of $12,000 and total conversion cost of $24,000. Assume that manufacturing overhead cost is five times the direct labor cost how much is the direct materials cost Select one: O a. 8,000 O b.4.000 O C. None of the given answers O d. 12.000 O e. 20,000
- The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that direct labor cost is three times the direct materials cost and that the manufacturing overhead cost was two times the direct materials cost. Calculate the direct materials cost ($). O a. 15,000 O b. 5,000 O c. 10,000 O d. 30,00O O e. 45,000The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that direct labor cost is three times the direct materials cost and that the manufacturing overhead cost was two times the direct materials cost. Calculate the total manufacturing cost ($). O a. 30,000 O b. 15,000 Oc 10,00O O d. 5,000 O e. 45,000The following costs relate to Antonio Industries for the last quarter: Conversion cost Direct materials Manufacturing overhead Selling and administrative expense onio's prime cost for last quarter? Bolooo 1000 05000 $75,000 2. Antonio's total manufacturing cost is a. P 460,000 b. P 645,000 C. P 650,000 d. P 840,000 P 435,000 215,000 190,000 185,000
- Compute 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. $396,700Conversion cost per unit equals $5. Total materials cost equal $91100. Equivalent units for materials are 10000. How much is the total manufacturing cost per unit? $10.00. $14.11. $5.00. $9.11.P2. Computation of costs per equivalent unit. The Grinding department of Miller Inc. has provided the following costs information: Compute the costs per equivalent units for direct materials under the weighted-average method. (Round your answer to the nearest cent.) Beginning WIP: Direct materials $40,000 Conversion $10,000 $50,000 Costs added during the period: Direct materials $290,000 Conversion $120,000 $410,000 Total costs in the process to account for $460,000 The equivalent units of production for direct materials and conversion costs are 40,000 and 50,000, respectively. At the end of the period, 30,000 units are completed and transferred to the next processing department. Required: a) Compute the costs per equivalent unit for direct materials and conversion. b) Compute the…