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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 12
Prime Cost and Conversion Cost
Grin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the following costs:
There were no beginning or ending inventories of WIP.
Refer to the information for Grin Company above.
Required:
1. What was the total prime cost in January?
2. What was the prime cost per unit in January?
3. What was the total conversion cost in January?
4. What was the conversion cost per unit in January?
Grin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the following costs:
There were no beginning or ending inventories of WIP.
Refer to the information for Grin Company above.
Required:
1. What was the total prime cost in January?
2. What was the prime cost per unit in January?
3. What was the total conversion cost in January?
4. What was the conversion cost per unit in January?
Explanation
Verified
Verified
Prime cost as the name suggests is the m...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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