A manufacturer estimates annual conversion costs of $1,000,000 and plans production of 1,600 hours to make 12,800
Question:
A manufacturer estimates annual conversion costs of $1,000,000 and plans production of 1,600 hours to make 12,800 units. The company can produce 8 units per hour.
1. Compute the conversion cost rate per hour.
2. Prepare the journal entry to apply conversion costs to an order of 520 units.
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1 2 Work in Process Inventory 40625 Conversion Co...View the full answer
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