Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in progress is 12000, and closing stock of Work in progress is 13500 OMR, Opening stock of finished goods is 20000, and closing stock of finished goods is 14000 OMR, Cost of goods manufactured 958000 OMR Calculate unit production cost if total manufacturing units as 2500 a. 121.368 OMR per unit b. 120.368 OMR per unit OC 119.368 OMR per unit O d. None of These

Q: Swifty Manufacturing Company collected the following production data for the past month: Units…

A: Mixed cost problems are solved using the High -Low-cost method. Variable and fixed costs are…

Q: Total cost and number of units in the first seven months of 2020 are given below. According to this…

A: A cost equation seems to be a quantitative equation that a business may use to anticipate the costs…

Q: Cost of Goods Manufactured Refer to Brief Exercise 2-1. For next year, Bob’s Bistro predicts that…

A: The cost of goods manufactured is computed by prepared a schedule for the same. It includes the…

Q: In using average method, Cruz Company produces a product that undergoes three processes and the…

A: Under the weighted average method of process costing, the beginning work in process units are not…

Q: What is the cost of the units transferred out? (Use rounded cost per equivalent unit.) Units…

A: Step 1: Introduction to the Process Costing:A car manufacturing company can use both process costing…

Q: Costs of manufactured are 958000 OMR, Prime cost is 636000 OMR, and Factory overheads are 12 % of…

A: Cost of production means the cost which is incurred directly or indirectly for the production of the…

Q: Data obtained from Antanian Manufacturing Inc. for July 2020 are as follows: Assembly Department…

A: Particulars Units Opening Inventory 2000 Add: Put into process during the month 6000 Total…

Q: The prime cost for company XYZ was $28,000, while the conversion cost was $35,000. Assume that…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Young Corporation has the following standard costs associated with the manufacture and sale of one…

A: Direct Costing Method :— Under this method, product cost is calculated by adding direct material,…

Q: 26. How many units were in the beginning work-in-process? In July 2020, ABC Co. computed its…

A:

Q: Assume the following information for a company that produced and sold 10,000 units during its first…

A: The gross margin  under absorption costing is calculated as the difference between sales and cost of…

Q: AR Opening stock of wo prk in progress is 11750 000, and closing stock c

A: Unit product cost = Cost of goods manufactured / Nos of units produced = 286,000 / 3000 = OMR 95.33…

Q: 8 - ABC production company calculates production costs according to the phase cost system. The…

A: Equivalent units of products concept came in to existence when some units are not fully completed at…

Q: -ABC production company calculates production costs according to the phase cost system. The…

A: In process costing some units gets work in process at the year end hence to evaluate proper costing…

Q: A company had beginning work-in-process of $1,000,000 for direct material and $2,000,000 for…

A: Cost per unit is the amount of cost incurred by the entity on the making of each unit of product. It…

Q: K Bose Company has total fed costs of $580.000 Total feed and variable costs are $642.500 at a…

A: Fixed cost refers to the cost of the products which does not change with the increase or decrease of…

Q: Direct labor cost incurred during the period? Cost of goods placed in process? Cost of goods…

A: Prime costs in the business means direct materials and direct labour costs incurred in business.…

Q: Please compute the cost per unit of the 1000 products that were completed as part of the job 711.…

A: Given: DM= $4,000.00 DL= $4,600. 00 FOH= $2,400.00

Q: Get the Answer with calculation

A:

Q: Sheridan Manufacturing Company collected the following production data for the past month: Units…

A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

Q: The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that…

A: Prime cost means direct material and direct labour costs. Conversion costs means direct labour cost…

Q: Milling Department Cost of beginning work in process inventory Materials Conversion Total $ 15,000 $…

A: Materials Conversion  Total cost $301,600  $402,000   / Equivalent units / 5,200  / 5,000…

Q: Total cost and number of units in the first seven months of 2020 are given below. According to this…

A:

Q: Conversion cost per unit equals $5. Total materials cost equal S91100. Equivalent units for…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: If the cost of the beginning work in process is $67, 000 direct materials cost is $357, 000 direct…

A: The cost of goods manufactured is the total expense incurred in turning raw materials into finished…

Q: Standard cost data to produce one unit of XXX: Material SAN 10 meters at P 6/m Material JOSE 12…

A: Standard cost of goods sold is the estimated cost to be incurred on the goods sold. It is not the…

Q: Assume the following information for a company that produced and sold 10,000 units during its first…

A: Absorption costing allocates both fixed and variable manufacturing costs to each unit of production,…

Q: Compute conversion costs given the following data: direct materials, $366,300; direct labor,…

A: Conversion cost = Direct labor cost + Factory overhead cost

Q: Calif Corp provided the following information during the year 2024: Sales (1200 units)) Current…

A: The income statement is prepared to find net income or losses incurred during the period.

Q: t was $25,000. Assume that direct labor cost is three times the direct the direct materials cost.…

A: The prime cost is the sum total of direct materials and direct labor. Whereas the conversion cost is…

Q: cost equation?

A: Consider the cost equation Y = a + bX, where, Y = Total cost a = Fixed cost. b = Variable cost per…

Q: The Information bellow has taken from Al Wafa company wages paid to labour: OMR85,000, Purchases raw…

A: Cost of goods manufactured in the business shows total costs incurred on the production and…

Q: Compute conversion costs given the following data: direct materials, $347,500; direct labor,…

A: Direct material cost is incurred to purchase the raw material that needs to converted into the…

Q: Prime cost is 86000 OMR, Cost of production 84600 OMR, Opening stock of work in progress is 20000,…

A: Formula: unit production cost = Total Cost of production / Manufacturing units

Q: Total cost and number of units in the first seven months of 2020 are given below. According to this…

A: Variable cost per unit = (Highest activity cost - Lowest activity cost) / (Highest activity units -…

Q: A company had the following costs in May when 400 units were produced: materials, $4,200; hourly…

A: The total cost is the amount incurred by the company on the production and business function of the…

Q: Planned costs of product A - 150000 Planned costs of product B - 250000 Real costs of product A -…

A:

Q: None

A: Step 1:Computation of Depreciation expense for the year as follows :        ParticularsAmount($)Rate…

Q: Cost of Goods Manufactured Refer to Brief Exercise 2-1. For next year, Bob’s Bistro predicts that…

A: The cost of goods manufactured is computed by prepared a schedule for the same. It includes the…

Q: The prime cost for company XYZ was $28,000, while the conversion cost was $35,000. Assume that…

A: Given Data:  Prime Cost = $28,000 Conversion Cost = $35,000 Direct Labor Cost = 3 x Direct Material…

Q: Q4: Q4: A company manufactures imitation leather. The cost of 300 m. of beginning work-in- progress…

A: Equivalent units of products concept came in to existence when some units are not fully completed at…

Q: Raw material = Rp. 150.000 Labor cost = Rp. 60.000 Overhead variable cost = Rp 90.000 Fixed S&A cost…

A: In variable costing, all the expenses which are variable in nature are considered as product cost.

Q: You are provided with the following information for the month of October 2020…

A: Opening work in process units = 2,730 Percentage completed = 25%

Q: Costs of manufactured are 958000 OMR, Prime cost is 866000 OMR, and Factory overheads are 12 % of…

A: Cost of goods manufactured = $958,000 Prime cost = $866,000 Fatory overhead = $103,920 (866,000*12%)…

Q: ABC Firm reported the following for the final three months of 2020: October November December Units…

A: The costs incurred in a business can be categorised differently on the basis of mixed cost, variable…