Maurizio manufactures famous Italian pastries. Assume the company had no beginning or ending work-in-process balances. Production...
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Maurizio manufactures famous Italian pastries. Assume the company had no beginning or ending work-in-process balances. Production (units) 25 Direct materials 250 Direct labour $ 400 Overhead S 225 Selling & Adm Exp $ 180 Total $ 1,055 What were the total prime costs last month? S What was the total per-unit prime cost last month? What were the total conversion costs last month? What was the per-unit conversion cost last month? What was the amount of cost of goods manufactured last month? What was the per unit cost of the product last month? Maurizio manufactures famous Italian pastries. Assume the company had no beginning or ending work-in-process balances. Production (units) 25 Direct materials 250 Direct labour $ 400 Overhead S 225 Selling & Adm Exp $ 180 Total $ 1,055 What were the total prime costs last month? S What was the total per-unit prime cost last month? What were the total conversion costs last month? What was the per-unit conversion cost last month? What was the amount of cost of goods manufactured last month? What was the per unit cost of the product last month?
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To calculate the requested values we need to understand the definitions of prime costs and conversio... View the full answer
Related Book For
Managerial Accounting A Focus on Ethical Decision Making
ISBN: 978-0324663853
5th edition
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
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