General Accounting question Scanlon Division manufactured 3,000 units of Product Z duringthe year; costs are as follows:Direct materialsDirect laborIndirect materials and labor$250,000200,00040,000Depreciation on plant and equipment 20,000Total$510,000The product unit cost for Product Z this year is:a. $150b. $152.c. $163.d. $170.e. none of the above.

Step 1: Define Product CostManufacturing Cost is also called the product cost. These costs include…

Answered: Scanlon Division manufactured 3,000…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8EB: A production department within a company received materials of $7,000 and conversion costs of $5,000...

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The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
The product unit cost for product A this year is
Hawkins Division Manufactured
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Harbor view manufacturing reported the following cost...
Camire GmbH had the following costs at the stated production volumes: Production volume: 1,200 5,600 $10,320 $48,160 $19,800 $92,400 Manufacturing overhead: $578,987 $608,027 Part A: The best estimate of fixed manufacuring cost for Camire GmbH is: $678,847 $571,067 $748,587 O $609,107 Direct material: Direct labor: Part B: The best estimate of variable manufacuring cost per unit for Camire GmbH is: O $31.70 $25.10 $8.60 $6.60 O $23.10 Part C: The best estimate of Camire GmbH's total manufacuring cost at a level of 3,500 is: O $1,776,562 $467,867 $1,122,214 $682,017
West Co.'s manufacturing costs are as follows: Direct material and direct labor Other variable manufacturing costs $700,000 $100,000 Depreciation of factory building and manufacturing equipment $80,000 Other fixed manufacturing overhead $18,000 What amount should be considered product costs for external reporting purposes if the company uses absorption costing? A. $700,000 B. $800,000 C. $880,000 D. $898,000
In Barber Company, total material costs are $10,000 and total conversion costs are $20,000. Equivalent units of production are materials 1,000 and conversion costs 2,500. Unit costs for conversion costs is: a. $1. b. $8. c. $10. d. $18.
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For the indicated units produced, South-western, Inc. reported the costs shown below: Units produced: 9,200 2,700 Total direct material: $268,640 $78,840 Total direct labor: $322,920 $94,770 Total manufacturing overhead: $1,075,616 $870,866 Part A: South-western, Inc.'s variable manufacuring cost per unit for is closest to: $95.80 $64.30 $29.20 $31.50 $66.60 Part B: South-western, Inc. 's fixed manufacuring cost is: $1,355,826 $785,816 $1,667,176 $1,044,476 Part C: at a level of 6,000 units, South-western, Inc.'s total manufacuring cost would be: $2,321,058 $1,087,289 $1,704,174 $1,360,616

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