10Opening stock of Raw material is 20000 OMR, Prime cost is 86000 OMR, andFactory overheads are 10 % of prime cost, Cost of production 94600 OMR,Opening stock of work in progress is 20000, and closing stock of Work in progressis 13750 OMR, Cost of goods manufactured 290800 OMR, Opening stock offinished goods is 20000, and closing stock of finished goods is 13750 OMR,Calculate unit production cost if total manufacturing units was 5000edout ofquestionSelect one:a. 18.920 OMR per unitb. 18.50 OMRperunitc. 13.800 OMR per unitd. None of TheseClear my choice

Given: Total cost or production OMR94,600 No of Units Manufactured 5,000 Cost of goods manufactured…

Answered: Calculate unit production cost if total…

Business

Accounting

Calculate unit production cost if total manufacturing units was 5000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

10
Opening stock of Raw material is 20000 OMR, Prime cost is 86000 OMR, and
Factory overheads are 10 % of prime cost, Cost of production 94600 OMR,
Opening stock of work in progress is 20000, and closing stock of Work in progress
is 13750 OMR, Cost of goods manufactured 290800 OMR, Opening stock of
finished goods is 20000, and closing stock of finished goods is 13750 OMR,
Calculate unit production cost if total manufacturing units was 5000
ed
out of
question
Select one:
a. 18.920 OMR per unit
b. 18.50 OMR
per
unit
c. 13.800 OMR per unit
d. None of These
Clear my choice

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Ramos Company has the following unit costs: Variable manufacturing overhead Direct materials Direct labor Fixed manufacturing overhead Fixed marketing and administrative $19 18 NP 23 16 14 What cost per unit would be used for product costs under full absorption costing?
When units are produced over multiple periods (i.e. incomplete at the end of one period) production cost are assigned to individual units based on : -Equal units, -Equal costs -Equivalent cost -Equivalent units,
Compute conversion costs given the following data: direct materials, $356,600; direct labor, $196,300; factory overhead, $194,500 and selling expenses, $40,900. a.$390,800 b.$153,600 c.$551,100 d.$747,400
13. If Job Q included 30 units, what was its unit product cost?
Total product cost per unit under absorption costing = Units produced = 1000Direct Materials = $ 6Direct Labor = $10Fixed overhead =$ 6000Variable overhead = $ 6Fixed Selling & Admin = $ 2000Variable Selling & Admin $ 2
Compute conversion costs given the following data: direct materials, $351,300; direct labor, $207,800; factory overhead, $189,700 and selling expenses, $46,300. a. $748,800 b. $143,400 c. $541,000 d. $397,500
how do I explain this? Metric Score Percent of Total Possible Contribution Margin 4.7 /5 Plant Utilization 5.0 /5 Days of Working Capital 5.0 /5 Stock-out Costs 5.0 /5 Inventory Carrying Costs 3.6 /5 Overall Score 23.3 /25