Homework Answers
| Cost per Equivalent Unit of Production | |||||||||
| Materials | Labor | Overhead | |||||||
| Beginning costs | $ 3,000.00 | $ 120.00 | $ 250.00 | ||||||
| During the month costs | $ 76,680.00 | $ 9,756.80 | $ 9,626.80 | ||||||
| Total cost | Costs | $ 79,680.00 | Costs | $ 9,876.80 | Costs | $ 9,876.80 | |||
| ÷ | Equivalent units of production | EUP | 124500 | EUP | 123460 | EUP | 123460 | ||
| Cost per equivalent unit of production | $ 0.64 | $ 0.08 | 0.08 | ||||||
| Cost of units completed | EUP | Cost/ EUP | Total Cost | |||
| Direct Materials | 119300 | $ 0.64 | $ 76,352.00 | |||
| Labor | 119300 | $ 0.08 | $ 9,544.00 | |||
| Overhead | 119300 | $ 0.08 | $ 9,544.00 | |||
| Total costs transferred out | $ 95,440.00 | |||||
| Cost of ending work in process | EUP | Cost/ EUP | Total Cost | |||
| Direct Materials | 5200 | $ 0.64 | $ 3,328.00 | |||
| Labor | 4160 | $ 0.08 | $ 332.80 | |||
| Overhead | 4160 | $ 0.08 | $ 332.80 | |||
| Total cost of ending work in process | $ 3,993.60 | |||||
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Problem 3-2
Cinrich Filters produces an air filter for use in jet aircraft.
Parts are added at several points in the production process. In
August, production began with 650 filters in Work in Process, 70
percent complete as to materials and 80 percent complete as to
labor and overhead. During the month, an additional 2,610 units
were started into production. 800 filters were in Work in Process
at the end of the month, and they were 50 percent complete as...
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Problem 3-2
Cinrich Filters produces an air filter for use in jet aircraft.
Parts are added at several points in the production process. In
August, production began with 650 filters in Work in Process, 70
percent complete as to materials and 80 percent complete as to
labor and overhead. During the month, an additional 2,610 units
were started into production. 800 filters were in Work in Process
at the end of the month, and they were 50 percent complete as...
Exercise 3-10 At the start of July, the Tarjee Wax Company had beginning Work in Process of 2,600 units that were 90 percent complete with respect to material and 50 percent complete with respect to conversion costs. The cost of the units was $7,030 ($4,970 of material and $2,060 of conversion costs). During the month, the company started production of 38,200 units and incurred $210,200 of material cost and $96,600 of labor and overhead. Costs per equivalent unit were $5.00...
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