During its accounting period, a company generated direct material costs that represented 2/3 of the total production
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Question:
- During its accounting period, a company generated direct material costs that represented 2/3 of the total production cost, with the total prime cost being $1,830,000.00 and the conversion cost being $696,000.00.
Determine: The direct labor cost and the indirect manufacturing cost.
- The following information corresponds to a manufacturing company:
Sales of the period
$50,000.00($8 per unit)
Rental payment for premises where it is produced
$2,000.00
Purchase of raw materials
$2,500.00
Electricity corresponding to production
$400.00
Monthly machinery rental
$700.00
Combustible
$80.00
Other miscellaneous materials for production
$150.00
Direct labour
$5,000.00
Assuming that the sales income refers to all units
produced during the period and that there was NO initial inventory, determine the following:
- Total first cost
- Total conversion cost
- Total production cost
- Total variable cost
- Variable cost per unit
- Total fixed cost
- Fixed cost per unit
- Unit production cost
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