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Crane Industries has 8300 equivalent units of production for both materials and for conversion costs. Total...

Crane Industries has 8300 equivalent units of production for both materials and for conversion costs. Total manufacturing costs are $203590. Total materials costs are $143000. How much is the conversion cost per unit?

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Answer #1

Total conversion cost = Total manufacturing cost – Total material cost

                                   = $ 203,590 - $ 143,000 = $ 60,590

Conversion cost per unit = Total conversion cost/No. of equivalent units for conversion

                                         = $ 60,590/8,300 = $ 7.30

Conversion cost per unit is $ 7.30

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