FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Compute conversion costs given the following data: direct materials, $397,000; direct labor, $192,200; factory
a.$393,300
b.$164,300
c.$790,300
d.$598,100
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- For the indicated units produced, South-western, Inc. reported the costs shown below: Units produced: 9,200 2,700 Total direct material: $268,640 $78,840 Total direct labor: $322,920 $94,770 Total manufacturing overhead: $1,075,616 $870,866 Part A: South-western, Inc.'s variable manufacuring cost per unit for is closest to: $95.80 $64.30 $29.20 $31.50 $66.60 Part B: South-western, Inc. 's fixed manufacuring cost is: $1,355,826 $785,816 $1,667,176 $1,044,476 Part C: at a level of 6,000 units, South-western, Inc.'s total manufacuring cost would be: $2,321,058 $1,087,289 $1,704,174 $1,360,616arrow_forwardActivity: Compute Prime/Conversion/Product/ Period costs The financial statements of Mother G Company included these items: Marketing costs P160,000 Direct labor cost 245,000 Administrative costs 145,000 Direct materials used 285,000 Fixed factory overhead costs 175,000 Variable factory overhead costs 155,000arrow_forwardprovide the answer pleasearrow_forward
- The cost of materials for beginning work-in-process is $10,400. Materials costs added during the period were $131,500. The equivalent units of production for materials is 50,000 units Using the weighted average method, what is the cost per equivalent unit for materials? OA. $0.21 OB. $2.04 OC. $2.63 OD. 53.84arrow_forwardIn the manufacture of 9,800 units of a product, direct materials cost incurred was $174,800, direct labor cost incurred was $105,300, and applied factory overhead was $44,100. What is the total conversion cost? Oa. $174,800 Ob. $324,200 Oc. $44,100 Od. $149,400arrow_forwardCompute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,900; and selling expenses, $45,290. a.$543,800 b.$187,900 c.$384,200 d.$731,700arrow_forward
- The 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 6.90. Oc. OMR 3.00. Od. None of the answers are correct, moodle.asu.edu.om/mod/quiz/attem Oe. OMR 4.75. 直arrow_forwardFor each of the following independent cases (A through E), compute the missing values in the table: Total Manufacturing Cost Case AB с COE D Prime Cost 6,890 11,650 Conversion Cost 11,620 7,960 20,620 Direct Materials $ 2,110 $ 2,290 1,410 3,310 Direct Manufacturing Labor Overhead 1,160 $ 3,210 1,970 3,620 7,020 3,040 9,370 5,990arrow_forwardNeed Helparrow_forward
- direct material cost per equivalent unit is a1.10 and there are 2,000 physical units 100% complete with respect to materials. what are the total cost of these 2,000 physical units are 50% complete with respect to conversion and conversion costs are 3.55 per equivalent unitarrow_forwardQuestion 1: Assume the following information pertaining to Star Company: Prime costs $ 202,000 Conversion costs 235,000 Direct materials used 89,900 Beginning work in process 104,300 Ending work in process 83,800 Total manufacturing cost is calculated to be: Multiple Choice $324,900. $33,000. $112,100. $347,100. $122,900.arrow_forwardCost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $462,800. The conversion cost for the period in the Rolling Department is $286,700. The total equivalent units for direct materials and conversion are 2,600 tons and 4,700 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: $fill in the blank 1 per ton Conversion cost per equivalent unit: $fill in the blank 2 per tonarrow_forward
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