Last year, Buckner & Jones Company incurred the following costs:
Buckner & Jones produced and sold 2,060 units at a sales price of $131.25 each.Assume that beginning and ending inventories of materials, work in process, and finished goods were zero.
-What was the conversion cost per unit? (Note: Round answer to two decimal places.)

Question

Last year, Buckner & Jones Company incurred the following costs: 
 Buckner & Jones produced and sold 2,060 units at a sales price of $131.25 each.Assume that beginning and ending inventories of materials, work in process, and finished goods were zero.
-What was the conversion cost per unit? (Note: Round answer to two decimal places.)

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS: Per-unit conversion cost = Total conversion cost / Direct Labor = (Direct Labor + Manufacturing Overhead) / Direct Labor = ($63,000 + $94,500) / 2,060 units = $76.46

Last Year, Buckner & Jones Company Incurred the Following Costs