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Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402 Exercise 38
Cost Definitions
Wyandotte Company provided the following information for the last calendar year:
During the year, direct materials purchases amounted to $256,900, direct labor cost was $176,000, and overhead cost was $308,400. There were 40,000 units produced.
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, $6.62 is direct materials and $7.71 is overhead. What is the prime cost per unit? Conversion cost per unit?
Wyandotte Company provided the following information for the last calendar year:
During the year, direct materials purchases amounted to $256,900, direct labor cost was $176,000, and overhead cost was $308,400. There were 40,000 units produced.
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, $6.62 is direct materials and $7.71 is overhead. What is the prime cost per unit? Conversion cost per unit?
Explanation
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Verified
Wayandotte Company's financial informati...
Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
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