Jacksons Corporation manufactured 1,600 units of its product in the month of June. It incurred a...
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Jacksons Corporation manufactured 1,600 units of its product in the month of June. It incurred a total cost of $480,000 during the month. Out of this $480,000, $250,000 comprised of direct materials used in the product and the rest was incurred because of the conversion cost involved in the process. The company had no opening or closing inventory. What will be the total cost per unit of the product, assuming conversion costs contained $100,000 of indirect labor? a. $62.50 b. $143.75 C. $156.25 d. $300.00 е. None of the above. Total cost per unit = $480,000 / 1,600 = $300 Jacksons Corporation manufactured 1,600 units of its product in the month of June. It incurred a total cost of $480,000 during the month. Out of this $480,000, $250,000 comprised of direct materials used in the product and the rest was incurred because of the conversion cost involved in the process. The company had no opening or closing inventory. What will be the total cost per unit of the product, assuming conversion costs contained $100,000 of indirect labor? a. $62.50 b. $143.75 C. $156.25 d. $300.00 е. None of the above. Total cost per unit = $480,000 / 1,600 = $300
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Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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