单选题
Ming's Company produces CD appliances. The following is the cost information for the year ended 31 December 2003.
1. Material put into production was valued at ＄360,000 and ＄80,000 of which was used as supplies.
2. The payroll records showed that total labor cost was ＄350,000, ＄68,000 of which was the costs of foremen and storekeeping men.
3. Factory power and utilities were at a total cost of ＄90,000.
4. Selling and administration expenses totaled ＄100,000.
5. There was no opening and closing work-in-progress. The production records indicated that 20,000 units were completed in the year.
Required:
Calculate the following:
(a)Prime cost
(b)Conversion cost
(c)Cost of goods manufactured
(d)Unit production cost
【正确答案】
【答案解析】(a)Prime cost =＄(360,000-80,000)+＄(350,000-68,000) =＄562,000
(b)Conversion cost =＄(350,000-68,000)+＄80,000+＄68,000+＄90,000
=＄520,000
(c)Cost of goods manufactured =＄(360,000-80,000)+＄520,000 =＄800,000
(d)Unit production cost = Cost of goods manufactured / completed units
= ＄800,000 / 20,000 = ＄40 per unit