if none of the term options fit the definition then put the answer
as "none are correct"Homework Answers
| Sr no | Definition | Term |
| a | Provides information about the number of units and manufacturing cost during an accounting period. | Production Report |
| b | A measure used to convert partially units into a full units | Equivalent unit |
| c | The reconciliation of the number of physical units worked on during the period | None |
| d | Direct Materials plus direct labor* | None |
| e | Direct labor plus manufacturing overheads | Conversion Cost |
| f | Direct Materials plus Direct labor plus manufacturing overheads** | None |
| g | Combines the cost of units in process at the beginning of the period with the cost of units that were started during the period | Weighted-Average Method |
| f | Assumes that the units in the process at the beginning of the period are completed before any new units are started in the current period. | First-in , First-Out |
| h | A detailed record of the costs incurred to complete a specific job *** | None |
| * | Direct Material plus labor cost are known as Direct cost. | |
| ** | Direct Material plus labor cost plus manufacturing overheads are known as Factory cost. | |
| *** | A detailed record of the costs incurred to complete a specific job cost sheet |
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if none of the term options fit the definition then put the answer
as "none are...
Match the following terms to their definitions. (Match each definition with the letter of its corresponding...
Match the following terms to their definitions. (Match each definition with the letter of its corresponding term. Abbreviation used: EUP=equivalent units of production) (Click on the icon to view the definitions.) 1 Definitions "osts, 1. Direct labor plus manufacturing overhead 2. Prepared by department for EUP, production costs, and assignment of costs 3. Equivalent units of production 4. Process costing system 5. Transferred in costs 6. Weighted-average method a. b. c. d. e. 1. Expresses partially completed units in terms...
Match each term on the left with the best definition on the right. Note: Not all...
Match each term on the left with the best definition on the right. Note: Not all definitions will be used. a. Materials that cannot be directly or conveniently traced to a specific unit or job. luction cost assigned to goods that were produced during the period. C. Cost of materials purchased from suppliers that have not yet been used in production. d. Actual amount of Indirect manufacturing costs incurred during the period. e. Materials that can be directly and convenlently...
PLS ANSWER THESE QUESTIONS NOW!!! PLEASE Calculator Use this information about Department to answer the question...
PLS ANSWER THESE QUESTIONS NOW!!! PLEASE
Calculator Use this information about Department to answer the question that follow. Department ) had no work in process at the beginning of the period. 18,000 units were completed during the period, and 2,000 units were 30% completed at the end of the period. The following manufacturing costs were debited to the departmental work in process account during the perio (assume the company uses FIFO and rounds cost per unit to two decimal places):...
PLEASE ANSWER ALL INCORRECT IN THE SAME FORMAT USING FIFO Required: a. Prepare a production cost...
PLEASE ANSWER ALL INCORRECT IN THE SAME FORMAT USING
FIFO
Required: a. Prepare a production cost report using FIFO. (Round "Co. ter 8 6 Saved Problem 8-54 (Static) Prepare a Production Cost Report: FIFO Method (LO 8-4,5) Kansas Supplies is a manufacturer of plastic parts that uses the weighted average process costing method to account for costs of production. It produces parts in three separate departments: Molding, Assembling, and Packaging. The following information was obtained for the Assembling Department for...
Part A. Use this information about Department G to answer the question that follow. Department G...
Part A. Use this information about Department G to answer the question that follow. Department G had 1,800 units 25% completed at the beginning of the period, 12,400 units were completed during the period, 1,500 units were 20% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period: Work in process, beginning of period $34,700 Costs added during period: Direct materials (12,100 units at $9) 108,900...
Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to...
Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 103,000 units made up of the
following.
Amount
Degree of Completion
Prior department costs transferred in from the Molding
Department
$
135,960
100
%
Costs added by...
Department G had 1,800 units 25% completed at the beginning of the period, 13,900 units were...
Department G had 1,800 units 25% completed at the beginning of the period, 13,900 units were completed during the period; 1,500 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period: Work in process, beginning of period $33,400 Costs added during period: Direct materials (13,600 units at $8) 108,800 Direct labor 88,200 Factory overhead 29,400 All direct materials are placed in process at the...
Problem 3 Beniaku Corporation has two production departments and uses a process cost system. The following...
Problem 3 Beniaku Corporation has two production departments and uses a process cost system. The following data is available as to the costs of production and the number of units worked on during the month of June, 2019: Department A: Costs in Beginning Work in Process Direct materials Direct labor Manufacturing overhead Costs incurred during June: Direct materials Direct labor Manufacturing overhead $19,300 $54,200 $16,800 $161,500 $140,800 $67,200 Units worked on during June: Work-in-process, June 1 (30% complete as to...
Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to...
Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 104,000 units made up of the
following:
Amount
Degree of Completion
Prior department costs transferred in from the Molding
Department
$
138,320
100
%
Costs added by...
Sunset Inc. Plastics Company uses process costing and provided the following information for 2019: Units Percent...
Sunset Inc. Plastics Company uses process costing and provided the following information for 2019: Units Percent Complete Percent Complete Direct Materials Conversion Costs Work-in-process at January 1 20,000 40% 60% Units started during year 218,000 Work-in-process at December 31 40,000 70% 40% The cost of the beginning work-in-process included $110,750 for direct materials used and $85,350 for direct labor. Production costs during the year were $793,250 for direct materials and $143,935 for direct labor. The company applies manufacturing overhead using...
Match the following terms to their definitions. (Match each definition with the letter of its corresponding term. Abbreviation used: EUP=equivalent units of production) (Click on the icon to view the definitions.) 1 Definitions "osts, 1. Direct labor plus manufacturing overhead 2. Prepared by department for EUP, production costs, and assignment of costs 3. Equivalent units of production 4. Process costing system 5. Transferred in costs 6. Weighted-average method a. b. c. d. e. 1. Expresses partially completed units in terms...
Match each term on the left with the best definition on the right. Note: Not all definitions will be used. a. Materials that cannot be directly or conveniently traced to a specific unit or job. luction cost assigned to goods that were produced during the period. C. Cost of materials purchased from suppliers that have not yet been used in production. d. Actual amount of Indirect manufacturing costs incurred during the period. e. Materials that can be directly and convenlently...
PLS ANSWER THESE QUESTIONS NOW!!! PLEASE
Calculator Use this information about Department to answer the question that follow. Department ) had no work in process at the beginning of the period. 18,000 units were completed during the period, and 2,000 units were 30% completed at the end of the period. The following manufacturing costs were debited to the departmental work in process account during the perio (assume the company uses FIFO and rounds cost per unit to two decimal places):...
PLEASE ANSWER ALL INCORRECT IN THE SAME FORMAT USING
FIFO
Required: a. Prepare a production cost report using FIFO. (Round "Co. ter 8 6 Saved Problem 8-54 (Static) Prepare a Production Cost Report: FIFO Method (LO 8-4,5) Kansas Supplies is a manufacturer of plastic parts that uses the weighted average process costing method to account for costs of production. It produces parts in three separate departments: Molding, Assembling, and Packaging. The following information was obtained for the Assembling Department for...
Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 103,000 units made up of the
following.
Amount
Degree of Completion
Prior department costs transferred in from the Molding
Department
$
135,960
100
%
Costs added by...
Problem 3 Beniaku Corporation has two production departments and uses a process cost system. The following data is available as to the costs of production and the number of units worked on during the month of June, 2019: Department A: Costs in Beginning Work in Process Direct materials Direct labor Manufacturing overhead Costs incurred during June: Direct materials Direct labor Manufacturing overhead $19,300 $54,200 $16,800 $161,500 $140,800 $67,200 Units worked on during June: Work-in-process, June 1 (30% complete as to...
Kansas Supplies is a manufacturer of plastic parts that uses the
weighted-average process costing method to account for costs of
production. It produces parts in three separate departments:
Molding, Assembling, and Packaging. The following information was
obtained for the Assembling Department for the month of April.
Work in process on April 1 had 104,000 units made up of the
following:
Amount
Degree of Completion
Prior department costs transferred in from the Molding
Department
$
138,320
100
%
Costs added by...
Sunset Inc. Plastics Company uses process costing and provided the following information for 2019: Units Percent Complete Percent Complete Direct Materials Conversion Costs Work-in-process at January 1 20,000 40% 60% Units started during year 218,000 Work-in-process at December 31 40,000 70% 40% The cost of the beginning work-in-process included $110,750 for direct materials used and $85,350 for direct labor. Production costs during the year were $793,250 for direct materials and $143,935 for direct labor. The company applies manufacturing overhead using...
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