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 $ 225 Selling & Adm Exp $ 180 Total $ 1,055 What were the total prime costs last month? 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? Please give the soluton in step by step format and not in image format
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 $ 225 Selling & Adm Exp $ 180 Total $ 1,055 What were the total prime costs last month? 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? Please give the soluton in step by step format and not in image format
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 |
| $ 225 | |
| Selling & Adm Exp | $ 180 |
| Total | $ 1,055 |
What were the total prime costs last month?
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?
Please give the soluton in step by step format and not in image format
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