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3 years ago

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Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $28,000 were put

into production. Direct labor of $28,000 (10 workers x 100 hours x $28 per hour) was incurred. Manufacturing overhead equaled $55,000. By the end of the week, the company had manufactured 5,600 hockey sticks.1.Calculate the total prime cost for last week.$2. Calculate the per-unit prime cost. Round your answer to the nearest cent.$ per unit3. Calculate the total conversion cost for last week.$4. Calculate the per-unit conversion cost. Round your answer to the nearest cent.$ per unit

1 answer:

elena55 [62]3 years ago

7 0

Answer:

Part 1. Calculate the total prime cost for last week

Direct materials 28,000

<u><em>Add </em></u>Direct labor 28,000

Prime Cost 56,000

Part 2. Calculate the per-unit prime cost

per-unit prime cost=$56,000/5,600

=$10.00

Part 3. Calculate the total conversion cost for last week

Direct labor 28,000

<u>Add </u>Manufacturing Overheads 55,000

Total conversion cost 83,000

Part 4. Calculate the per-unit conversion cost.

per-unit conversion cost=$83,000/5,600

=$14.82

Explanation:

Part 1. Calculate the total prime cost for last week

Prime Cost = Direct Materials + Direct Labor

Part 2. Calculate the per-unit prime cost

Per Unit Prime Cost = total prime cost/number of units manufactured

Part 3. Calculate the total conversion cost for last week

Conversion Cost = Direct Labor + Manufacturing Overheads

Part 4. Calculate the per-unit conversion cost.

Per-unit conversion cost =Total Conversion Cost / number of units manufactured

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