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47. LO.2 (WA EUP & cost assignment) Ro-Day-O Inc....

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47. LO.2 (WA EUP & cost assignment) Ro-Day-O Inc. manufactures belt buckles in a single-step production process. The following information is available for June 2010: Whole Units Cost of Material Cost of Labor Beginning work in process 200,000 $1,200,000 $1,728,000 Units started during period 1,000,000 7,800,000 9,612,000 Units in ending inventory 300,000 Beginning inventory units were 100 percent complete as to material and 80 percent complete as to labor. The ending inventory units were 100 percent complete as to material and 50 percent complete as to labor. Overhead is applied to production at the rate of 60 percent of direct labor cost. b. Determine the unit production costs for material and conversion.

 

Paper#8109 | Written in 18-Jul-2015

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