Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...

Question

Question

Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct mat

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

1. Direct material cost per equivalent unit = 128,520/91,800 = $1.4

2. Conversion cost per equivalent unit = (34,740 + 19,548)/93,000 = $0.583 ~ $0.6

3. Cost of beginning work in progress completed during December = $9,384 + (direct labor + factory overhead) of 5,100 units

= $9,384 + ((34,740 + 19,548)/93,000)*5,100 = $12,361.08 ~ $12,361

4. Total cost of 5,100 units & (93,000-5,100) = 87,900 units

Cost of 5,100 units = $12,361.08

Cost of 87,900 units = (87,900*1.4) + ((34,740+19,548)/93000)*87,900 = 123060 + 51310.91613 = $1,74,370.9161 ~ $1,74,371

5. Cost of ending work in progress = (91,800-87,900)*1.4 = $5,460

b. Conversion cost increases in December assuming direct material cost is same for November & December

Add a comment

Answer 2

Similar Homework Help Questions

Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...

Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, 3/4 completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., ? units, 1/2 completed 115,500...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...

Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 4,500 units, 3/5 completed 11,295 31 Direct materials, 81,000 units 162,000 173,295 31 Direct labor 46,930 220,225 31 Factory overhead 26,402 246,627 31 Goods finished, 82,200 units 238,245 8,382 31 Bal., ? units, 3/5 completed 8,382...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...

Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., 2 units, completed 115,500 a. Based...

Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All...

Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 4,200 units, 3/5 completed 8,778 Direct materials, 75,600 31 units 128,520 137,298 31 Direct labor 34,330 171,628 19,304 190,932 31 Factory overhead 31 Goods finished, 76,500 units 31 Bal. ? units, 4/5 completed 183,474 7,458 7,458...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...

Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 7,500 units, 2/5 completed 15,750 31 Direct materials, 135,000 units 243,000 258,750 31 Direct labor 70,840 329,590 31 Factory overhead 39,848 369,438 31 Goods finished, 136,800 units 355,530 13,908 31 Bal., ? units, 4/5 completed 13,908...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...

Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 5,700 units, 4/5 completed 14,250 31 Direct materials, 102,600 units 194,940 209,190 31 Direct labor 52,250 261,440 31 Factory overhead 29,398 290,838 31 Goods finished, 104,100 units 280,842 9,996 31 Bal., ? units, 3/5 completed 9,996...

Costs per Equivalent Unit: The following information concerns production in the Baking Department for December. All dire...

Costs per Equivalent Unit: The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 8,100 units, 2/5 completed 13,122 31 Direct materials, 145,800 units 204,120 217,242 31 Direct labor 56,400 273,642 31 Factory overhead 31,728 305,370 31 Goods finished, 147,600 units 295,038 10,332 31 Bal., ? units, 2/5 completed 10,332...
Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All...

Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 5,100 units, 3/5 completed 10,149 31 Direct materials, 91,800 units 146,880 157,029 31 Direct labor 40,990 198,019 31 Factory overhead 23,060 221,079 31 Goods finished, 93,000 units 213,747 7,332 31 Bal. ? units, 2/5 completed 7,332...
Equivalent Units of Production The following information concerns production in the Baking Department for March. All...

Equivalent Units of Production The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Debit Item Credit Debit Credit 1 Bal., 5,100 units, 3/5 completed March 14,280 31 Direct materials, 91,800 units 128,520 142,800 31 Direct labor 35,440 178,240 31 Factory overhead 19,928 198,168 31 Goods finished, 93,000 units 191,304 6,864 31 Bal. 7 units, 3/S completed 6,864...

Costs per Equivalent Unit Dec. The following information concerns production in the Baking Department for December....

Costs per Equivalent Unit Dec. The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 1 Bal., 4,800 units, 4/5 completed 12,864 31 Direct materials, 86,400 units 172,800 185,664 31 Direct labor 49,080 234,744 31 Factory overhead 27,600 262,344 31 Goods finished, 87,600 units 253,848 8,496 31 Bal., 2 units, 2/5 completed 8,496...

Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...

Homework Answers

Add Answer to:
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...

Post as a guest

Earn Coins