Provide Answer Question:In Mordica Company, total material costs are $34,500, and total conversion costs are$54,500. Equivalent units of production are materials 10,000 and conversion costs 12,000.Compute the unit costs for materials and conversion costs.

Explanation of Material Costs:Material costs refer to the expenses incurred for the raw materials…

Answered: Question: In Mordica Company, total…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

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The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
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Assuming that the direct materials used are $1,500,000, compute the total manufacturing costs using the following information.
What is the production cost per unit?

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Question: In Mordica Company, total material costs are $34,500, and total conversion costs are $54,500. Equivalent units of production are materials 10,000 and conversion costs 12,000. Compute the unit costs for materials and conversion costs.