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n200080 [17]
3 years ago
15

The most used instrument the federal reserve uses for controlling week to week changes in the money supply is

Business
1 answer:
olganol [36]3 years ago
7 0

Open market Operations- Gradpoint

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