Reference no: EM132893427
Dustin Plastics, Inc., manufactures plastic moldings for car seats. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production.
Data for Department A for February 2012 are:
Work in process, beginning inventory, 40% converted = 200 units
Units started during February = 600 units
Work in process, ending inventory: = 100 units
30% complete as to conversion costs
100% complete as to materials
Costs for the Department A for February 2012 are:
Work in process, beginning inventory:
Direct materials = $200,000
Conversion costs = $200,000
Direct materials costs added during February = $2,000,000
Conversion costs added during February = $2,500,000
Problem 1: Reilly Enterprises manufactures digital video equipment. For each unit Php2,950 of direct material is used and there is Php2,000 of direct manufacturing labor at Php20 per hour. Manufacturing overhead is applied at Php35 per direct manufacturing labor hour. Calculate the cost of each unit.
a. Php4,950
b. Php9,950
c. Php8,450
d. Php11,950
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