FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Conversion cost per unit equals $4. Total materials cost equal $89800. Equivalent units for materials are 10000. How much is the total
$8.00.
$12.98.
$4.00.
$8.98.
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- e. $5,752.10. Company XYZ has total prime cost of $21,000 and total conversion cost of $42,000. Assume that manufacturing overhead cost is three times the direct labor cost, how much is the direct materials cost? Select one: O a. None of the given answer O b. 21,000 O c. 10,500 O d. 12,000 O e. 31,500arrow_forwardHixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows: Amount Per Unit Direct materials $8.00 $5.00 $1.00 $6.00 $3.50 $2.50 $ 4.00 $1.00 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expensearrow_forwardIn Mordica Company, total materials costs are $ 33,000, and total conversion costs are $ 54,000. 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 Compute total manufacturing costs. (Round answer to 2 decimal places, e.g. 2.25.) Total manufacturing cost per unit $ enter the Total manufacturing cost per unit in dollars rounded to 2 decimal placesarrow_forward
- If the conversion costs are $70,000, direct labor costs are $20,000, and direct material costs are $40,000, then the manufacturing overhead must be: Multiple Choice O O $50,000. $30,000. $10,000. $20,000.arrow_forwardConversion cost per unit equals $11.00. Total materials costs are $80500. Equivalent units of production for materials are 40250. How much is the total manufacturing cost per unit? $2.00. $13.00. $9.00. $11.00.arrow_forwardFind out BEP in units and value with the following data:Fixed cost - $30000Variable cost - $20 per unitSelling Price - $50 per unit.arrow_forward
- 3. Suppose that a company has fixed costs of $18 per unit and variable costs $9 per unit when 15,000 units are produced. What are the fixed costs per unit when 12,000 units are produced? PLEASE NOTE: Costs per unit dollar amounts will be rounded to two decimal places and shown with "$" and commas as needed (i.e. $12,345.67).arrow_forwardAns.arrow_forwardA company's prime costs total $3,100,000 and its conversion costs total $7,100,000. If direct materials are $1,050,000 and factory overhead is $5,050,000, then direct labor is: Multiple Choice • $4,000,000. . • $2,050,000. $14,200,000. • $1,000,000. $3,100,000. . .arrow_forward
- Crane Industries has equivalent units of 7000 for materials and for conversion costs. Total manufacturing costs are $111000. Total materials costs are $90000. How much is the conversion cost per unit? $15.86. $3.00. $28.71. $12.86.arrow_forwardA firm has $100,000 in direct materials costs, $50,000 in direct labor costs, and $80,000 inoverhead. Which of the following is true?a. Prime costs are $150,000; conversion costs are $180,000.b. Prime costs are $130,000; conversion costs are $150,000.c. Prime costs are $150,000; conversion costs are $130,000.d. Prime costs are $180,000; conversion costs are $150,000.arrow_forward10. A production department within a company received materials of $10,000 and conversion costs of $10,000 from the prior department. It added material of $27,200 and conversion costs of $53,000. The equivalent units are 20,000 for material and 18,000 for conversion. Complete the following table to determine what is the unit cost for materials and conversion? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Costs per unit are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). All other dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Total Cost Equivalent Units Per Unit Material ? ? ? Conversion ? ? ?arrow_forward
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