Production costs chargeable to the Sanding Department in July in Magnum Company are $25,000 for materials, $17,000 for labor, and $10,000 for manufacturing overhead. Equivalent units of production are 25,000 for materials and 15,000 for conversion costs.
Instructions
Compute the unit costs for materials and conversion costs.

Question

Quizplus · Accepted Answer

The Answer of Production costs chargeable to the Sanding Department in July in Magnum Company are $25,000 for materials, $17,000 for labor, and $10,000 for manufacturing overhead. Equivalent units of production are 25,000 for materials and 15,000 for conversion costs.
Instructions
Compute the unit costs for materials and conversion costs.

Production Costs Chargeable to the Sanding Department in July in Magnum