Morillo02 - ALEXANDER MORILLO ACCT 3301 CHAPTER 02 Use the...

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ALEXANDER MORILLOACCT 3301 CHAPTER 02
Use the following information for Cornerstone Exercises 2-19 and 2-20:Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint,Kevlar, and resin) costing $32,000 were put into production. Direct labor of $28,000(10 workers 3 200 hours 3 $14 per hour) was incurred. Manufacturing overhead equaled$60,000. By the end of the week, the company had manufactured 500 hockey sticks.Required1.Calculate the total product cost for last week.2.Calculate the per-unit cost of one hockey stick that was produced last week.Solution:
Refer to the information for Slapshot Company above.Required:1. Calculate the total prime cost for last week.2. Calculate the per-unit prime cost.3. Calculate the total conversion cost for last week.4. Calculate the per-unit conversion cost.

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