Homework Answers
| unit cost | |||||
| Direct Materials | 45,000 | 2.25 | |||
| Direct Labor | 36,000 | 1.8 | |||
| Factory overhead | 22,500 | 1.125 | |||
| total unit cost | 5.175 | ||||
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E5-2 Computing Unit Cost L04 During the month, a company with no departmentalization incurred costs of...
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior...
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25.100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $687312 in total. The ending work in process inventory in January consisted of 3,600 unts which were...
EXERCISE 4-12 Cost Assignment; Cost Reconciliation-Weighted-Average Method [L04-2, L04-4 L04-5] Superior Micro Products uses the weighted-average...
EXERCISE 4-12 Cost Assignment; Cost Reconciliation-Weighted-Average Method [L04-2, L04-4 L04-5] Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning inventory and the costs added during January amounted to $599,780 in total. The ending inventory in January consisted of 3,000 units, which were 80% complete with respect to materials and 60% complete with respect to...
12clin addi During the period, labor costs incurred on account amoun to $250,000 for production orders...
12clin addi During the period, labor costs incurred on account amoun to $250,000 for production orders and 50,000 for general factory use. In addition, factory overhead Select the to production. a. b. applied to production was $23,000 appropriate journal entry to record the factory overhead applied Deb it Work-in-Process $23,000; Credit Factory Overhead $23,000 Debit Work-in-Process $50,000; Credit Factory Overhead $50,000. Debit Factory Overhead $23,000; Credit Work-in-Process $23,000. Debit Factory Overhead $50,000; Credit Work-in-Process $50,000. C. d. Department W had...
Exercise 4-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [L04-2, L04-3] Pureform, Inc., uses the...
Exercise 4-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [L04-2, L04-3] Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow. Units Materials Labor Overhead Work in process 86,000 $ 70,200 $ 39,600 $ 53,000 inventory, beginning Units started in process 814,000 Units transferred out 820,000 Work in process 80,000 inventory, ending Cost added during the $928,000 $488,640...
Please answer all parts! Thanks! Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted Average Method (L04-2,...
Please answer all parts!
Thanks!
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted Average Method (L04-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $712,560 in total. The ending work in process inventory in January consisted of 3,400...
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method (L04-2, LO4-4, LO4-5) Superior Micro Products uses...
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method (L04-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25.400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $660.960 in total. The ending work in process inventory in January consisted of 4,000 units, which were 40% complete with...
A business operated at 100% of capacity during its first month and incurred the following costs:...
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (10,000 units): Direct materials $140,000 Direct labor 40,000 Variable factory overhead 20,000 Fixed factory overhead 4,000$204,000 Selling & Administrative Expenses: Variable Selling & Administrative Expenses $ 34,000 Fixed Selling & Administrative Expenses 2,000 36,000 If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, the amount of gross profit that would be reported on...
A business operated at 100% of capacity during its first month and incurred the following costs:...
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (10,000 units): Direct materials $140,000 Direct labor 40,000 Variable factory overhead 20,000 Fixed factory overhead 4,000 $204,000 Selling & Administrative Expenses: Variable Selling & Administrative Expenses$ 34,000 Fixed Selling & Administrative Expenses 2,000 36,000 If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, the amount of operating income that would be reported on...
Exercise 4-12 Applying Overhead. Cost of Goods Manufactured CLO4-2, L04-4, L04-6] The following cost data relate...
Exercise 4-12 Applying Overhead. Cost of Goods Manufactured CLO4-2, L04-4, L04-6] The following cost data relate to the manufacturing activities of Black Company during the just completed year: Manufacturing overhead costs incurred: Property taxes, factory $ 3,000 Utilities, factory 4.800 Indirect labor 9,800 Depreciation, factory 23,900 Insurance, factory 5,800 Total actual manufacturing overhead costs $47.300 Other costs incurred: Purchases of raw materials $32,600 Direct labor cost $40,000 Inventories: Raw materials, beginning $ 9,000 Raw materials, ending $ 6,300 Work in...
2) A company began operations on the first of the month. During the month, two jobs...
2) A company began operations on the first of the month. During the month, two jobs were started. The following costs were incurred: Direct material Direct labor Job A $2,500 $7,000 Job B $5,000 $9,500 Factory overhead is applied at 120% of direct labor costs. During the month, Job A was completed but not sold. Job B has not been completed. Required: a. Calculate the cost of the ending work in process inventory as of the end of the month....
Exercise 4-12 Equivalent Units: Assigning Costs Cost Reconciliation Weighted Average Method (L04-2, L04 4. L04-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25.100 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $687312 in total. The ending work in process inventory in January consisted of 3,600 unts which were...
EXERCISE 4-12 Cost Assignment; Cost Reconciliation-Weighted-Average Method [L04-2, L04-4 L04-5] Superior Micro Products uses the weighted-average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning inventory and the costs added during January amounted to $599,780 in total. The ending inventory in January consisted of 3,000 units, which were 80% complete with respect to materials and 60% complete with respect to...
12clin addi During the period, labor costs incurred on account amoun to $250,000 for production orders and 50,000 for general factory use. In addition, factory overhead Select the to production. a. b. applied to production was $23,000 appropriate journal entry to record the factory overhead applied Deb it Work-in-Process $23,000; Credit Factory Overhead $23,000 Debit Work-in-Process $50,000; Credit Factory Overhead $50,000. Debit Factory Overhead $23,000; Credit Work-in-Process $23,000. Debit Factory Overhead $50,000; Credit Work-in-Process $50,000. C. d. Department W had...
Exercise 4-9 Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method [L04-2, L04-3] Pureform, Inc., uses the weighted average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow. Units Materials Labor Overhead Work in process 86,000 $ 70,200 $ 39,600 $ 53,000 inventory, beginning Units started in process 814,000 Units transferred out 820,000 Work in process 80,000 inventory, ending Cost added during the $928,000 $488,640...
Please answer all parts!
Thanks!
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted Average Method (L04-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,600 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $712,560 in total. The ending work in process inventory in January consisted of 3,400...
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method (L04-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25.400 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $660.960 in total. The ending work in process inventory in January consisted of 4,000 units, which were 40% complete with...
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (10,000 units): Direct materials $140,000 Direct labor 40,000 Variable factory overhead 20,000 Fixed factory overhead 4,000$204,000 Selling & Administrative Expenses: Variable Selling & Administrative Expenses $ 34,000 Fixed Selling & Administrative Expenses 2,000 36,000 If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, the amount of gross profit that would be reported on...
A business operated at 100% of capacity during its first month and incurred the following costs: Production costs (10,000 units): Direct materials $140,000 Direct labor 40,000 Variable factory overhead 20,000 Fixed factory overhead 4,000 $204,000 Selling & Administrative Expenses: Variable Selling & Administrative Expenses$ 34,000 Fixed Selling & Administrative Expenses 2,000 36,000 If 2,000 units remain unsold at the end of the month and sales total $300,000 for the month, the amount of operating income that would be reported on...
Exercise 4-12 Applying Overhead. Cost of Goods Manufactured CLO4-2, L04-4, L04-6] The following cost data relate to the manufacturing activities of Black Company during the just completed year: Manufacturing overhead costs incurred: Property taxes, factory $ 3,000 Utilities, factory 4.800 Indirect labor 9,800 Depreciation, factory 23,900 Insurance, factory 5,800 Total actual manufacturing overhead costs $47.300 Other costs incurred: Purchases of raw materials $32,600 Direct labor cost $40,000 Inventories: Raw materials, beginning $ 9,000 Raw materials, ending $ 6,300 Work in...
2) A company began operations on the first of the month. During the month, two jobs were started. The following costs were incurred: Direct material Direct labor Job A $2,500 $7,000 Job B $5,000 $9,500 Factory overhead is applied at 120% of direct labor costs. During the month, Job A was completed but not sold. Job B has not been completed. Required: a. Calculate the cost of the ending work in process inventory as of the end of the month....
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