If the costs for direct materials, direct labor, and factory overhead were $522,200, $82,700, and $45,300, respectively, for 16,000 equivalent units of production, the conversion cost per equivalent unit was $8.00.
A. True
B. False

Question

28-07-2020
Business

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If the costs for direct materials, direct labor, and factory overhead were $522,200, $82,700, and $45,300, respectively, for 16,000 equivalent units of production, the conversion cost per equivalent unit was $8.00.
A. True
B. False

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Kolawole845 Kolawole845 · Answer 1 · 2020-07-31T02:30:00+02:00

Answer:

True

Conversion cost per equivalent unit = $8 per unit

Explanation:

Conversion cost per equivalent unit = Total conversion cost / Equivalent units

Conversion cost is the sum of the direct labour cost and the factory overhead cost.

Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows:

Equivalent units = Degree of work done(%) × units of inventory

Equivalent units are 16,000 already given

The conversion cost = 82,700 + 45,300 = 128,000

conversion cost per equivalent unit = 128,000 /16,000 =$8 per unit

Conversion cost per equivalent unit = $8 per unit

If the costs for direct materials, direct labor, and factory overhead were $522,200, $82,700, and $45,300, respectively, for 16,000 equivalent units of production, the conversion cost per equivalent unit was $8.00. A. True B. False

Respuesta :

Otras preguntas

If the costs for direct materials, direct labor, and factory overhead were $522,200, $82,700, and $45,300, respectively, for 16,000 equivalent units of production, the conversion cost per equivalent unit was $8.00.
A. True
B. False