Homework Answers
a. Equivalent units
Direct Materials - 49300 units
Conversion - 65300 units
b. Cost per equivalent unit = Total cost divided by equivalent unit
Direct Materials - $2.80
Direct labor - $1.79
Overhead - $2.25
(Conversion cost per equivalent unit = $ (1.79 + 2.25) = $ 4.04
Refer the file attached.
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Badgersize Company has the following information for its Forming Department for the month of August. Work...
Badgersize Company has the following information for its Forming Department for the month of August. Work in Process In...
Badgersize Company has the following information for its Forming Department for the month of August. Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials 80,000 24,000 104,000 54,000 58,000 ? 157,000 Conversion costs: Direct labor 112,000 Overhead applied 147,000 259,000...
Badgersize Company has the following information for its Forming Department for the month of August. $...
Badgersize Company has the following information for its Forming Department for the month of August. $ 80,000 24,000 104,000 53,000 58,000 Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs: Direct labor Overhead applied Total conversion $ 136,000...
Explanations for each answer are appreciated. Badgersize Company has the following information for its Forming Department...
Explanations for each answer are
appreciated.
Badgersize Company has the following information for its Forming Department for the month of August Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete $80,000 24,000 $ 104,000 48,000 56,000 conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs Direct labor...
Badgersize company
Badgersize Company has the following information for its Forming Department for the month of August:Work in Process Inventory, August 1: 20,000 unitsDirect materials: 100% complete $ 80,000Conversion: 20% complete 24,000Balance in work in process, August 1 $ 104,000Units started during August 50,000Units completed and transferred in August 60,000Work in process (70% complete), August 31 ?Costs charged to Work in Process in AugustDirect materials $ 150,000Conversion costs:Direct labor $ 120,000Overhead applied 132,000Total conversion $ 252,000Assume materials are added at the start...
Hi, would you help me with the solution of the problem below? Thanks Tanya Badgersize Company...
Hi, would you help me with the solution of the problem below? Thanks Tanya Badgersize Company has the following information for its Forming Department for the month of August. Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete $ 80,000 Conversion: 20% complete 24,000 Balance in work in process, August 1 $ 104,000 Units started during August 50,000 Units completed and transferred in August 60,000 Work in process (70% complete), August 31 ? Costs charged to Work...
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted avera method...
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted avera method of process costing. At the beginning of the month, the forming department has 32,000 units in inventory, 80 complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $74,100 consis $53,200 of direct materials costs and $20,900 of conversion costs. During the month, the forming department started 440,000 units. At the end of the month, the forming department...
The answers that I got before were: A) for Direct materials is $237,000 and for conversion...
The answers that I got before were:
A) for Direct materials is $237,000 and for conversion is
$283,000
B) For direct materials is 3.20 and for conversion is 4.09.
The assignment said that these were not correct. Thank you in
advance for your help!
Badgersize Company has the following information for its Forming Department for the month of August. $ 80,000 24,000 $ 104,000 54,000 58,000 Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20%...
[The following information applies to the questions displayed below) Fields Company has two manufacturing departments, forming...
[The following information applies to the questions displayed below) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 30,000 units in inventory, 80% complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $69,100 consisted of $50,200 of direct materials costs and $18.900 of conversion costs. During the month, the forming department started 390,000...
The following information applies to the questions displayed below.] Fields Company has two manufacturing departments, forming...
The following information applies to the questions displayed below.] Fields Company has two manufacturing departments, forming and painting. The company uses the weighted- average method of process costing. At the beginning of the month, the forming department has 33,000 units in inventory, 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $76,100 consisted of $54,400 of direct materials costs and $21,700 of conversion costs During the month, the forming department started 460.000...
The following information is available for Department C for the month of August: Units Cost Work...
The following information is available for Department C for the month of August: Units Cost Work in process, August 1 (70% complete) 10,000 Direct materials $ 36,000 Direct labor 18,000 Manufacturing overhead 24,000 Total work in process, August 1 $78,000 Started in production during August 40,000 Costs added: Direct materials $108,000 Direct labor 48,000 Manufacturing overhead 61,040 Total costs added during August $217,040 Work in process, August 31 (80% complete) 4,000 Units completed and transferred out 42,000 Materials are added...
Badgersize Company has the following information for its Forming Department for the month of August. Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials 80,000 24,000 104,000 54,000 58,000 ? 157,000 Conversion costs: Direct labor 112,000 Overhead applied 147,000 259,000...
Badgersize Company has the following information for its Forming Department for the month of August. $ 80,000 24,000 104,000 53,000 58,000 Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs: Direct labor Overhead applied Total conversion $ 136,000...
Explanations for each answer are
appreciated.
Badgersize Company has the following information for its Forming Department for the month of August Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete $80,000 24,000 $ 104,000 48,000 56,000 conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs Direct labor...
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted avera method of process costing. At the beginning of the month, the forming department has 32,000 units in inventory, 80 complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $74,100 consis $53,200 of direct materials costs and $20,900 of conversion costs. During the month, the forming department started 440,000 units. At the end of the month, the forming department...
The answers that I got before were:
A) for Direct materials is $237,000 and for conversion is
$283,000
B) For direct materials is 3.20 and for conversion is 4.09.
The assignment said that these were not correct. Thank you in
advance for your help!
Badgersize Company has the following information for its Forming Department for the month of August. $ 80,000 24,000 $ 104,000 54,000 58,000 Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20%...
[The following information applies to the questions displayed below) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 30,000 units in inventory, 80% complete as to materials and 20% complete as to conversion costs. The beginning inventory cost of $69,100 consisted of $50,200 of direct materials costs and $18.900 of conversion costs. During the month, the forming department started 390,000...
The following information applies to the questions displayed below.] Fields Company has two manufacturing departments, forming and painting. The company uses the weighted- average method of process costing. At the beginning of the month, the forming department has 33,000 units in inventory, 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $76,100 consisted of $54,400 of direct materials costs and $21,700 of conversion costs During the month, the forming department started 460.000...
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