The following product costs are available for Arrez Company on the production of DVD cases: direct materials, $1,705; direct labor, $15.60; manufacturingoverhead, applied at 150% of direct labor cost; selling expenses, $1,500; and administrative expenses, $1,050. The direct labor hours worked for the monthare 100 hours. Round your answers to two decimal places.A. What are the prime costs?B. What are the conversion costs?C. What is the total product cost?D. What is the total period cost?$E. If 1,550 equivalent units are produced, what is the equivalent material cost per unit? $F. What is the equivalent conversion cost per unit?$$LA3,2653,9005,6052,5501.1

Hi student Since there are multiple subparts, we will answer only first three subparts. Direct…

The following product costs are available for Arrez Company on the production of DVD cases: direct materials, $1,705; direct labor, $15.60; manufacturin overhead, applied at 150% of direct labor cost; selling expenses, $1,500; and administrative expenses, $1,050. The direct labor hours worked for the mo are 100 hours. Round your answers to two decimal places. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? $ LA LA A 3,265 3,900 5,605

The following product costs are available for Arrez Company on the production of DVD cases: direct materials, $1,705; direct labor, $15.60; manufacturin overhead, applied at 150% of direct labor cost; selling expenses, $1,500; and administrative expenses, $1,050. The direct labor hours worked for the mo are 100 hours. Round your answers to two decimal places. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? $ LA LA A 3,265 3,900 5,605

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

The following product costs are available for Arrez Company on the production of DVD cases: direct materials, $1,705; direct labor, $15.60; manufacturing
overhead, applied at 150% of direct labor cost; selling expenses, $1,500; and administrative expenses, $1,050. The direct labor hours worked for the month
are 100 hours. Round your answers to two decimal places.
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 1,550 equivalent units are produced, what is the equivalent material cost per unit? $
F. What is the equivalent conversion cost per unit?
$
$
LA
3,265
3,900
5,605
2,550
1.1

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