Homework Answers
1.
| Direct materials | $ 1,000,000 |
| Direct labor | $ 104,000 |
| Manufacturing overhead | $ 672,000 |
| Total Prime Cost | $ 1,776,000 |
2.
| Total Prime Cost | $ 1,776,000 |
| Number of units produced | 4,250 |
| Prime cost per unit ($1,776,000/4,250) | $ 417.88 |
3.
| Direct labor | $ 104,000 |
| Manufacturing overhead | $ 672,000 |
| Total Conversion Cost | $ 776,000 |
4.
| Total Conversion Cost | $ 776,000 |
| Number of units produced | 4,250 |
| Conversion cost per unit ($776,000/4,250) | $ 182.59 |
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