In Mordica Company, total materials costs are $36,500, and total conversion costs are $53,520. 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 eTextbook and Media Compute total manufacturing costs. (Round answer to 2 decimal places, e.g. 2.25.) Total manufacturing cost per unit $enter a dollar amount of total manufacturing cost per unit rounded to 2 decimal places

In Mordica Company, total materials costs are $36,500, and total conversion costs are $53,520. 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 eTextbook and Media Compute total manufacturing costs. (Round answer to 2 decimal places, e.g. 2.25.) Total manufacturing cost per unit $enter a dollar amount of total manufacturing cost per unit rounded to 2 decimal places

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Description: In Mordica Company, total materials costs are $36,500, and total conversion costs are $53,520. Equivalent units of production are materials 10,000 and conversion costs 12,000. Compute the unit costs for materials and conversion costs. (Round answers

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

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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

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Compute total manufacturing costs. (Round answer to 2 decimal places, e.g. 2.25.)

Total manufacturing cost per unit

$enter a dollar amount of total manufacturing cost per unit rounded to 2 decimal places

Definition Definition Total cost of procuring or producing a product or the cost that an individual or business owner undertakes for the manufacturing of goods.

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$\begin{array}{rcl} T o t a l u n i t s & = & 10, 000 + 12, 000 \\ = & 22, 000 \end{array}$

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