Homework Answers
The timeline with regard to departmental cost system is one of the efficient and timely tools used in entities to be able to have information regarding the closing work in progress, materials introduced in the production process, the output of the process all at one place at a glance.
The following would be the timeline for the Mixing department of Tasty Chicken.
Tasty Chicken Mixing Department Timeline
| Conversion costs incurred evenly throughout the mixing process |
| Start | 70% | Complete | 100% | Complete |
| Direct Materials Added 14700 units | Transferred to the Retort Department |
| 13100 units completed and transferred out to the next process, Retort Department |
| 1600 units are started but not yet finished(Closing WIP) |
Here units=gallons
This is just one of the steps of processing and the early steps of it , this is followed by computation of Output in equivalent units,Costs per equivalent unit, followed by assigning costs to completed units alongside the closing Work in Process.
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approach this problem, that be amazing!
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(Appendix 6A) FIFO; Production Report Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following...
help asap please Data Table ares and cess (dyes g Departm to view the ls are...
help asap please
Data Table ares and cess (dyes g Departm to view the ls are added at the beginning ss. Data from the month of Gallons ents. Beginning work in process inventory.. Started production Completed and transferred out to Fill-in the tim Packaging in May Ending work in process inventory (40% of the way through 6,700 gallons the blending process) 2,700 gallons Costs: Beginning work in process inventory Costs added during May bints Direct materials (dyes) Direct labor Manufacturing...
Process Costing Zero beginning inventory, materials introduced in middle of process Free work cells Answer cells...
Process Costing Zero beginning inventory, materials introduced in middle of process Free work cells Answer cells Dot and Ken Ice Cream uses a mixing department and a freezing department in producing its ice cream. Its process-costing system in the mixing department has two direct materials cost categories ice cream mix and flavorings) and one conversion cost pool. The following data pertain to the mixing department for April 2017: Work in process, April 1 Started in April Completed and transferred to...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs added during the period Divided by: EUP this period Cost per equivalent unit Costs accounted for: Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Requirement 2. Joumalize all transactions affecting the Mixing Department during March, including...
Paints by Lucy prepares and packages paint products. The company has two departments: (1) Blending and...
Paints by Lucy prepares and packages paint products. The company has two departments: (1) Blending and (2) Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each process. Data from the month of May for the Blending Department are as follows: EEB (Click the icon to view the data from May.) Requirement 1. Fill-in the time line for the Blending Department....
i Data Table UNITS Beginning Work-in-Process Inventory Transferred in from Spinning Department during November Completed during...
i Data Table UNITS Beginning Work-in-Process Inventory Transferred in from Spinning Department during November Completed during November Ending work-in-Process (80% complete for conversion work) 85 rolls 580 rolls 530 rolls 135 rolls COSTS Beginning Work-in-Process Inventory (transferred in costs $4,100; materials cost, $1,825; conversion costs, $5,100) Transferred in from Spinning Department Materials cost added during November Conversion costs added during November (manufacturing wages, $8,880; manufacturing overhead allocated, $43,440) $ 11,025 19,840 9,480 52,320 Requirement 1. Prepare the November production cost...
Can someone please help me fill in this table???!!! I have attached it as a picture...
Can someone please help me fill in this table???!!! I have
attached it as a picture and provided the information needed for
it.
Smith Electronic Company’s chip-mounting production department
had 300 units of unfinished product, each 50% completed on
September 30. During October of the same year, this department put
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transferred them to the next production department. At the end of
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Crafty Paint prepares and packages paint products. The company has two departments: (1) Blending and (2)...
Crafty Paint prepares and packages paint products. The company has two departments: (1) Blending and (2) Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each process. Data from the month of May for the Blending Department are as follows: E: (Click the icon to view the data from May.) Read the requirements. Requirement 1. Fill-in the time line for the...
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Please help! Thank You!
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I need help with this question, I watched the show me how video
and I am a little confused.
If someone could give me a step by step guide explaining how to
approach this problem, that be amazing!
Thanks,
(Appendix 6A) FIFO; Production Report Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following...
help asap please
Data Table ares and cess (dyes g Departm to view the ls are added at the beginning ss. Data from the month of Gallons ents. Beginning work in process inventory.. Started production Completed and transferred out to Fill-in the tim Packaging in May Ending work in process inventory (40% of the way through 6,700 gallons the blending process) 2,700 gallons Costs: Beginning work in process inventory Costs added during May bints Direct materials (dyes) Direct labor Manufacturing...
Process Costing Zero beginning inventory, materials introduced in middle of process Free work cells Answer cells Dot and Ken Ice Cream uses a mixing department and a freezing department in producing its ice cream. Its process-costing system in the mixing department has two direct materials cost categories ice cream mix and flavorings) and one conversion cost pool. The following data pertain to the mixing department for April 2017: Work in process, April 1 Started in April Completed and transferred to...
Direct Materials Conversion Costs Total Costs Cost per Unit COSTS Costs to account for: Beginning work-in-process Costs added during the period Total costs to account for Costs added during the period Divided by: EUP this period Cost per equivalent unit Costs accounted for: Beginning work-in-process Costs to complete beginning WIP Total costs for beginning WIP Started and completed Transferred to Mixing Department Ending work-in-process Total costs accounted for Requirement 2. Joumalize all transactions affecting the Mixing Department during March, including...
Paints by Lucy prepares and packages paint products. The company has two departments: (1) Blending and (2) Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each process. Data from the month of May for the Blending Department are as follows: EEB (Click the icon to view the data from May.) Requirement 1. Fill-in the time line for the Blending Department....
i Data Table UNITS Beginning Work-in-Process Inventory Transferred in from Spinning Department during November Completed during November Ending work-in-Process (80% complete for conversion work) 85 rolls 580 rolls 530 rolls 135 rolls COSTS Beginning Work-in-Process Inventory (transferred in costs $4,100; materials cost, $1,825; conversion costs, $5,100) Transferred in from Spinning Department Materials cost added during November Conversion costs added during November (manufacturing wages, $8,880; manufacturing overhead allocated, $43,440) $ 11,025 19,840 9,480 52,320 Requirement 1. Prepare the November production cost...
Can someone please help me fill in this table???!!! I have
attached it as a picture and provided the information needed for
it.
Smith Electronic Company’s chip-mounting production department
had 300 units of unfinished product, each 50% completed on
September 30. During October of the same year, this department put
another 800 units into production and completed 900 units and
transferred them to the next production department. At the end of
October, 200 units of unfinished product, 70% completed, were...
Crafty Paint prepares and packages paint products. The company has two departments: (1) Blending and (2) Packaging. Direct materials are added at the beginning of the blending process (dyes) and at the end of the packaging process (cans). Conversion costs are added evenly throughout each process. Data from the month of May for the Blending Department are as follows: E: (Click the icon to view the data from May.) Read the requirements. Requirement 1. Fill-in the time line for the...
Please help! Thank You!
The Mixing Department combines the direct materials of paraffin wax and pigments. The heated mixture is pumped to the Molding Department, where it is poured into molds. After the molds cool, the crayons are removed from the molds and are transferred to the Packaging Department, where paper wrappers are added and the crayons are boxed. In the Mixing Department, the direct materials are added at the beginning of the process and the conversion costs are incurred...
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