The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is $510,000. The conversion cost for the period in the Rolling Department is $81,200. The total equivalent units for the disrect materials and conversion are 8,500 tons and 8,120 tons, respectively Determine the direct materials and conversion costs per equivalent unit Direct Materials = $60 per ton Conversion = $10 per ton Direct Materials = $10 per ton Conversion = $60 per ton Direct Materials = 5 85,000 per ton Conversion = $81,200 per ton Direct Materials $6 per ton Conversion = $1 per ton
The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is $510,000. The conversion cost for the period in the Rolling Department is $81,200. The total equivalent units for the disrect materials and conversion are 8,500 tons and 8,120 tons, respectively Determine the direct materials and conversion costs per equivalent unit Direct Materials = $60 per ton Conversion = $10 per ton Direct Materials = $10 per ton Conversion = $60 per ton Direct Materials = 5 85,000 per ton Conversion = $81,200 per ton Direct Materials $6 per ton Conversion = $1 per ton
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 5BE: The cost of direct materials transferred into the Rolling Department of Kraus Company is 3,000,000....
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