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Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787 Exercise 37
COST DEFINITIONS
Labrador Company provided the following information for the last calendar year:
During the year, direct materials purchases amounted to $160,200, direct labor cost was $225,600, and overhead cost was $308,400. There were 10,000 units produced.
Required:
1. Calculate the total cost of direct materials used in production.
2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost.
3. Of the unit manufacturing cost calculated in Requirement 2, $18.60 is direct materials and $30.85 is overhead. What is the prime cost per unit? Conversion cost per unit?
Labrador Company provided the following information for the last calendar year:
During the year, direct materials purchases amounted to $160,200, direct labor cost was $225,600, and overhead cost was $308,400. There were 10,000 units produced.
Required:
1. Calculate the total cost of direct materials used in production.
2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost.
3. Of the unit manufacturing cost calculated in Requirement 2, $18.60 is direct materials and $30.85 is overhead. What is the prime cost per unit? Conversion cost per unit?
Explanation
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Verified
1.
Calculate Direct materials used in p...
Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
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