Use the following information to calculate the cost per equivalent unit for direct materials, direct labor, overhead, and in total for the Assembly Department of Dessert Company for the month of June. Direct materials Direct labor Overhead $ 6,00,000 $12,00,000 $18,00,000 Total costs to be accounted for Total equivalent units 30,000 units accounted for 24,000 units 24,000 units

Use the following information to calculate the cost per equivalent unit for direct materials, direct labor, overhead, and in total for the Assembly Department of Dessert Company for the month of June. Direct materials Direct labor Overhead $ 6,00,000 $12,00,000 $18,00,000 Total costs to be accounted for Total equivalent units 30,000 units accounted for 24,000 units 24,000 units

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 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...

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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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The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units one-fourth completed at a cost of 2,500 for materials, 1,400 for labor, and 1,800 for overhead. Production costs for the monthmaterials, 130,000; labor, 70,000; and factory overhead, 82,000. Units completed and transferred to stock45,000. Work in process, end of month5,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)
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