In Mordica Company, total materials costs are $ 33,000, and total conversion costs are $ 54,000. Equivalent units of production are materials 10,000 and conversion costs 12,000. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit $ enter a dollar amount rounded to 2 decimal places Conversion cost per unit $ enter a dollar amount rounded to 2 decimal places
In Mordica Company, total materials costs are $ 33,000, and total conversion costs are $ 54,000. Equivalent units of production are materials 10,000 and conversion costs 12,000. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit $ enter a dollar amount rounded to 2 decimal places Conversion cost per unit $ enter a dollar amount rounded to 2 decimal places
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In Mordica Company, total materials costs are $ 33,000, and total conversion costs are $ 54,000. Equivalent units of production are materials 10,000 and conversion costs 12,000.
Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.)
|
Materials cost per unit
|
$ enter a dollar amount rounded to 2 decimal places
|
|
|---|---|---|
|
Conversion cost per unit
|
$ enter a dollar amount rounded to 2 decimal places
|
Compute total manufacturing costs . (Round answer to 2 decimal places, e.g. 2.25.)
| Total manufacturing cost per unit |
$ enter the Total manufacturing cost per unit in dollars rounded to 2 decimal places
|
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