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6. Cost of Production Report; Normal and Abnormal Loss: The Sterling...
plz solve step by step 7. Cost of Production Report; Spoiled Units - Normal and Abnormal:...
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7. Cost of Production Report; Spoiled Units - Normal and Abnormal: Hettinger Inc., uses process costing system in its two producing departments. In department 2, inspection takes place at the 96% stage of completion, after which materials are added to good units. A spoilage rate of 3% of good output is considered normal. Department 2 records for April shows: Received from department 1 cost Materials Conversion cost (labor + factory overhead) Transferred to finished goods...
plz solve step by step 2. Cost of Production Report - Normal Loss: For December, the...
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2. Cost of Production Report - Normal Loss: For December, the Production Control Department of Carola Chemical, Inc., reported the following production data for Department 2: Transferred in from Department 1 55,000 liters Transferred out to Department 3 39,500liters In process at the end of December (with 1/2 labor and factory overhead) 10,500 liters All materials were put into process in Department 1. The cost department collected following figures for department 2: Unit cost for...
plz solve step by step 5. Costing of Units Transferred Out; Abnormal Loss During February, the...
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5. Costing of Units Transferred Out; Abnormal Loss During February, the Assembly department received 60,000 units from Cutting department at a unit cost of $3.54. Costs added in the Assembly department were: materials, $41,650; labor, $101,700; and factory overhead. $56,500. There was no beginning inventory. Of the 60,000 units received, 50,000 were transferred out; 9,000 units were in process at the end of the month (all materials, 2/3 converted); 1,000 lost units were 1/2 complete...
plz solve step by step 1. Cost of Production Report: A company's Department 2 costs for...
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1. Cost of Production Report: A company's Department 2 costs for June were: $16320 Cost from Department 1 Cost added in Department 2: Materials Labor Factory overhead (FOH) 43,415 56,100 58,575 The quantity schedule shows 12,000 units were received during the month from Department 1; 7,000 units were transferred to finished goods; and 5,000 units in process at the end of June were 50% complete as to materials cost and 25% complete as to conversion...
plz solve step by step 3. Cost of Production Report: Brooks Inc. uses process costing. The...
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3. Cost of Production Report: Brooks Inc. uses process costing. The costs for Department 2 for April were: $20,000 Cost from preceding department Cost added by department: Materials Labor Factory overhead (FOH) $21,816 7,776 4,104 33,696 The following information was obtained from the department's quantity schedule: Units received 5,000 Units transferred out 4,000 Units still in process 1,000 The degree of completion of the work in process as to costs originating in department 2 was:...
plz solve step by step 4. Equivalent Units of Production: During April, 20,000 units were transferred...
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4. Equivalent Units of Production: During April, 20,000 units were transferred in from department A at a cost of $39,000. Materials cost of $6,500 and conversion cost of $9,000 were added in department B. On April 30, department B had 5,000 units of work in process 60% complete as to conversion as costs. Materials are added in the beginning of the process in department B. Required: 1. Equivalent units of production calculation. 2. The cost...
18-39 Physical units, inspection at various levels of completion, weighted-average process costing SunEnergy produces solar panels. A key step in the conversion of raw silicon to a completed solar pa...
18-39 Physical units, inspection at various levels of completion, weighted-average process costing SunEnergy produces solar panels. A key step in the conversion of raw silicon to a completed solar panel occurs in the assembly department, where lightweight photovoltaic cells are assembled into modules and connected on a frame. In this department, materials are added at the beginning of the process and conver sion takes place uniformly At the start of November 2017, SunEnergy's assembly department had 2,400 panels in beginning...
Appendix: Normal and Abnormal Spoilage Larkin Company produces leather strips for western belts using three processes:...
Appendix: Normal and Abnormal Spoilage Larkin Company produces leather strips for western belts using three processes: cutting, design and coloring, and punching. The weighted average method is used for all three departments. The following information pertains to the Design and Coloring Department for the month of June: There was no beginning work in process. There were 400,000 units transferred in from the Cutting Department. Ending work in process, June 30: 50,000 strips, 80 percent complete with respect to conversion costs....
Problem 5.4: Process Cost example with Normal Loss, Abnormal Loss, Abnormal Galli The following information is...
Problem 5.4: Process Cost example with Normal Loss, Abnormal Loss, Abnormal Galli The following information is available about process B. 20000 units were transferred to process B @ Rs. 4 per unit. Normal loss in the production process is estimated @ 10% of process input. Output of process B is transferred to finished stock account. Amount (Rs. '000) Particulars Labor Cost 1000 Materials 4000 Proportionate share of factory overhead 700 You are required to prepare the process cost account for...
Problem 6-49 Weighted-Average Method; Transferred-in Costs; Spoilage (Appendix) (LO 6-2, 6-4, 6-6, 6- 9) APCO Company...
Problem 6-49 Weighted-Average Method; Transferred-in Costs; Spoilage (Appendix) (LO 6-2, 6-4, 6-6, 6- 9) APCO Company manufactures various lines of bicycles. Because of the high volume of each line, the company employs a process costing system using the weighted average method. Bicycle parts are manufactured in the molding department and then are consolidated into a single bike unit in the molding department and transferred to the assembly department where they are assembled. After assembly, the bicycle is sent to the...
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7. Cost of Production Report; Spoiled Units - Normal and Abnormal: Hettinger Inc., uses process costing system in its two producing departments. In department 2, inspection takes place at the 96% stage of completion, after which materials are added to good units. A spoilage rate of 3% of good output is considered normal. Department 2 records for April shows: Received from department 1 cost Materials Conversion cost (labor + factory overhead) Transferred to finished goods...
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2. Cost of Production Report - Normal Loss: For December, the Production Control Department of Carola Chemical, Inc., reported the following production data for Department 2: Transferred in from Department 1 55,000 liters Transferred out to Department 3 39,500liters In process at the end of December (with 1/2 labor and factory overhead) 10,500 liters All materials were put into process in Department 1. The cost department collected following figures for department 2: Unit cost for...
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5. Costing of Units Transferred Out; Abnormal Loss During February, the Assembly department received 60,000 units from Cutting department at a unit cost of $3.54. Costs added in the Assembly department were: materials, $41,650; labor, $101,700; and factory overhead. $56,500. There was no beginning inventory. Of the 60,000 units received, 50,000 were transferred out; 9,000 units were in process at the end of the month (all materials, 2/3 converted); 1,000 lost units were 1/2 complete...
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1. Cost of Production Report: A company's Department 2 costs for June were: $16320 Cost from Department 1 Cost added in Department 2: Materials Labor Factory overhead (FOH) 43,415 56,100 58,575 The quantity schedule shows 12,000 units were received during the month from Department 1; 7,000 units were transferred to finished goods; and 5,000 units in process at the end of June were 50% complete as to materials cost and 25% complete as to conversion...
plz solve step by step
3. Cost of Production Report: Brooks Inc. uses process costing. The costs for Department 2 for April were: $20,000 Cost from preceding department Cost added by department: Materials Labor Factory overhead (FOH) $21,816 7,776 4,104 33,696 The following information was obtained from the department's quantity schedule: Units received 5,000 Units transferred out 4,000 Units still in process 1,000 The degree of completion of the work in process as to costs originating in department 2 was:...
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4. Equivalent Units of Production: During April, 20,000 units were transferred in from department A at a cost of $39,000. Materials cost of $6,500 and conversion cost of $9,000 were added in department B. On April 30, department B had 5,000 units of work in process 60% complete as to conversion as costs. Materials are added in the beginning of the process in department B. Required: 1. Equivalent units of production calculation. 2. The cost...
18-39 Physical units, inspection at various levels of completion, weighted-average process costing SunEnergy produces solar panels. A key step in the conversion of raw silicon to a completed solar panel occurs in the assembly department, where lightweight photovoltaic cells are assembled into modules and connected on a frame. In this department, materials are added at the beginning of the process and conver sion takes place uniformly At the start of November 2017, SunEnergy's assembly department had 2,400 panels in beginning...
Problem 5.4: Process Cost example with Normal Loss, Abnormal Loss, Abnormal Galli The following information is available about process B. 20000 units were transferred to process B @ Rs. 4 per unit. Normal loss in the production process is estimated @ 10% of process input. Output of process B is transferred to finished stock account. Amount (Rs. '000) Particulars Labor Cost 1000 Materials 4000 Proportionate share of factory overhead 700 You are required to prepare the process cost account for...
Problem 6-49 Weighted-Average Method; Transferred-in Costs; Spoilage (Appendix) (LO 6-2, 6-4, 6-6, 6- 9) APCO Company manufactures various lines of bicycles. Because of the high volume of each line, the company employs a process costing system using the weighted average method. Bicycle parts are manufactured in the molding department and then are consolidated into a single bike unit in the molding department and transferred to the assembly department where they are assembled. After assembly, the bicycle is sent to the...
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