Reference no: EM132945232
Question - Logitech Electronics manufactures microchips in large quantities. Each microchip undergoes assembly and testing. The total assembly costs during January 2006 were:
Direct materials used P720,000
Conversion costs 760,000
Total manufacturing costs P1,480,000
1. Assume there was no beginning inventory on January 1, 2006. During January, 10,000 microchips were placed into production and all 10,000 microchips were fully completed at the end of January. What is the unit cost of an assembled microchip in January 2006?
2. Assume that during February 10,000 microchips are placed into production. Further assume the same total assembly costs for January are also incurred in February 2006 but only 9,000 microchips are fully completed at the end of February. All direct materials have been added to the remaining 1,000 microchips. However, on average, these remaining 1,000 microchips are only 50% done as to conversion costs. What is the equivalent unit for conversion costs for February 2006?
3. Assuming additional information in no. 2, what is the equivalent unit for direct materials for February 2006?
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