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Prime Cost and Conversion Cost Slapshot Company makes ice hockey sticks. Last week, direct materials (wood,...

Prime Cost and Conversion Cost Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $29,000 were put into production. Direct labor of $28,000 (10 workers x 100 hours x $28 per hour) was incurred. Manufacturing overhead equaled $54,000. By the end of the week, the company had manufactured 3,300 hockey sticks.

1. Calculate the total prime cost for last week. $

2. Calculate the per-unit prime cost. Round your answer to the nearest cent. $per unit

3. Calculate the total conversion cost for last week. $

4. Calculate the per-unit conversion cost. Round your answer to the nearest cent. $per unit

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Answer #1
Ans.1 Total Prime Cost   = $57000
Direct materials $29000
Direct labor $28000
Prime cost $57000
Ans.2 Per unit prime cost = Total prime cost / No. of hockey sticks
57000 / 3300
$17.27 per unit
Ans.3 Total Conversion Cost   = $57000
Direct labor $28000
Manufactured overhead $54000
Conversion cost $82000
Ans.4 Per unit conversion cost = Total conversion cost / No. of hockey sticks
82000 / 3300
$24.85 per unit
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