hw 6 accounting - $58 500 Less Ending work in process($23...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Carolina Araico Tenorio 513357 25 de Febrero del 2016 Homework 6 1. Calculate the total cost of direct materials used in production. Direct Materials: Beginning Inventory $50 800 Add: Purchases $150 000 Materials Available $200 800 Less: Ending Inventory ($21 500) Direct Materials Used in Production $ 179 300 2.Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. Direct Materials Used in Production $ 179 300 Direct Labor $ 200 000 Manufacturing overhead $ 324 700 Total Manufacturing Cost Added $704 000 Add: Beginning work in process
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $58 500 Less: Ending work in process ($23 500) Cost of goods manufactured $739 000 Unit manufacturing cost: $179 300 = $1.793 per unit 100 000 3.Of the unit manufacturing cost calculated in requirement 2, assume $1.7 is direct materials and $3.24 is overhead. What is the prime cost per unit? Conversion cost per unit? Direct Labor $200 000 =$2.00 100 000 Prime Cost Per Unit: Direct Material + Direct Labor = $2 + $1.7 = $3.7 Conversion cost per unit: Fact. Overhead + Direct Labor= $3.24 + $2 = $5.24...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern