The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000;

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The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400.

A. What are the prime costs?

B. What are the conversion costs?

C. What is the total product cost?

D. What is the total period cost?

E. If 13,750 equivalent units are produced, what is the equivalent material cost per unit?

F. If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?

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Principles Of Accounting Volume 2 Managerial Accounting

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Authors: OpenStax

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Question Posted: Jul 21, 2023 11:29 PM

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The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000;

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To calculate the various costs for Stellis Company we need to understand the definitions of prime costs conversion costs total product cost and total ...View the full answer

Principles Of Accounting Volume 2 Managerial Accounting

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