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Calculate the actual conversion cost per unit

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Reference no: EM132972948

Question - Cycle Time and Velocity - Norton Company has the following data for one of its production departments:

Theoretical velocity: 200 units per hour Productive minutes available per year: 49,000,000

Annual conversion costs: $343,000,000

Actual velocity: 80 units per hour

Required -

1. Calculate the actual conversion cost per unit using actual cycle time and the standard cost per minute.

2. Calculate the ideal conversion cost per unit using theoretical cycle time and the standard cost per minute.

3. What if the actual velocity is 140 units per hour? What is the conversion cost per unit? If required, round your intermediate calculations and final answers to two decimal places.

Reference no: EM132972948

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