Question

In Coronado Company, total materials costs are $38,000, and total conversion costs are $54,480. Equivalent units of production are materials 10,000 and conversion costs 12,000. Compute the unit costs for materials and conversion costs.

Materials cost per unit:__________ $
Conversion cost per unit:________ $
Compute total manufacturing costs:________ $

Answer 1

Materials cost per unit: $3.80

Conversion cost per unit: $4.54

Compute total manufacturing costs: $92,480

Step-by-step explanation:

Unit Costs = Total Cost ÷ Total Equivalent Units

1. Materials

Unit Cost = $38,000 ÷ 10,000

= $3.80

2. Conversion Costs

Unit Cost = $54,480 ÷ 12,000

= $4.54

Total Manufacturing Costs :

Materials $38,000

Conversion Costs $54,480

Total $92,480