Homework Answers
Solution A:
Total conversion cost = Direct labor cost + Factory overhead applied = $28,100 + $12,598 = $40,698
Solution B & C:
| Georgia Products Inc. | |||
| Pressing department | |||
| Computation of Equivalent unit of Production | |||
| Particulars | Physical Units | Material | Conversion |
| Units to account for: | |||
| Beginning WIP | 0 | ||
| Started into Production | 91400 | ||
| Total units to account for | 91400 | ||
| Units accounted for: | |||
| Unit completed & Transferred out | 89000 | 89000 | 89000 |
| Units in ending inventory: | 2400 | ||
| Material (100%) | 2400 | ||
| Conversion (3/5) | 1440 | ||
| Equivalent units of production | 91400 | 91400 | 90440 |
|
Georgia Products Inc. Computation of Cost per equivalent unit - Pressing department |
|||
| Particulars | Material | Conversion | Total |
| Opening WIP | $0 | $0 | $0 |
| Cost Added during Period | $219,360 | $40,698 | $260,058 |
| Total cost to be accounted for | $219,360 | $40,698 | $260,058 |
| Equivalent units of production | 91400 | 90440 | |
| Cost per Equivalent unit | $2.40 | $0.45 | |
Add Answer to:
EX 3-10 Costs per equivalent unit Obj. 2 Georgia Products Inc. completed and transferred 89,000 particle...
♡ EX 17-10 Costs per Equivalent Unit Obj. 2 Georgia Products Inc. completed and transferred 89,000...
♡ EX 17-10 Costs per Equivalent Unit Obj. 2 Georgia Products Inc. completed and transferred 89,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in- process inventory was 2,400 units, which were 3/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $219,360, direct labor cost incurred was $28,100, and factory overhead applied was $12,598. Determine...
Georgia Products Inc. completed and transferred 89,000 particle board units of production from the Pressing Department....
Georgia Products Inc. completed and transferred 89,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 2,400 units, which were 3⁄5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $219,360, direct labor cost incurred was $28,100, and factory overhead applied was $12,598. Determine the following for the Pressing Department. Round "cost per equivalent...
11. EX.17-10.ALGO (Algorithmic) Costs per Equivalent Unit Georgia Products Inc. completed and transferred 204,000 particle board...
11. EX.17-10.ALGO (Algorithmic) Costs per Equivalent Unit Georgia Products Inc. completed and transferred 204,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 18,000 units, which were 2/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $854,700, direct labor cost incurred was $102,640, and factory overhead applied was $24,080. Determine the following for...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 170,000 particle board units of production...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 170,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 15,000 units, which were 1/4 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $592,000, direct labor cost incurred was $168,890, and factory overhead applied was $39,610. Determine the following for the Pressing Department....
A-C Costs per Equivalent Unit Georgia Products Inc. completed and transferred 194,000 particle board units of...
A-C
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 194,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 17,000 units, which were 3/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $759,600, direct labor cost incurred was $165,400, and factory overhead applied was $38,800. Determine the following for the Pressing...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 141,000 particle board units of production...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 141,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 12,000 units, which were 1/2 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $566,100, direct labor cost incurred was $83,350, and factory overhead applied was $19,550. Determine the following for the Pressing Department....
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 138,000 particle board units of production...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 138,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 12,000 units, which were 1/4 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $442,500, direct labor cost incurred was $34,260, and factory overhead applied was $8,040. Determine the following for the Pressing Department....
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 199,000 particle board units of production...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 199,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 17,000 units, which were 4/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $918,000, direct labor cost incurred was $292,750, and factory overhead applied was $68,670. Determine the following for the Pressing Department....
cost per equivalent unite Calculator Costs per Equivalent Unit Georgia Products Inc. completed and transferred 173,000...
cost per equivalent unite
Calculator Costs per Equivalent Unit Georgia Products Inc. completed and transferred 173,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in process inventory was 15,000 units, which were 3/4 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $789,600, direct labor cost incurred was $238,790, and factory overhead applied was $56,010. Determine...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 181,000 partice board units of production...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 181,000 partice board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 16,000 units, which were 2/5 complete as to conversion cost. Al materials are added at the beginning of the process. Direct materials cost incurred was $905,200, direct labor cost incurred was $242,870, and factory overhead applied was $56,970. Determine the following for the Pressing Department....
♡ EX 17-10 Costs per Equivalent Unit Obj. 2 Georgia Products Inc. completed and transferred 89,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in- process inventory was 2,400 units, which were 3/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $219,360, direct labor cost incurred was $28,100, and factory overhead applied was $12,598. Determine...
11. EX.17-10.ALGO (Algorithmic) Costs per Equivalent Unit Georgia Products Inc. completed and transferred 204,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 18,000 units, which were 2/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $854,700, direct labor cost incurred was $102,640, and factory overhead applied was $24,080. Determine the following for...
A-C
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 194,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 17,000 units, which were 3/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $759,600, direct labor cost incurred was $165,400, and factory overhead applied was $38,800. Determine the following for the Pressing...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 138,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 12,000 units, which were 1/4 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $442,500, direct labor cost incurred was $34,260, and factory overhead applied was $8,040. Determine the following for the Pressing Department....
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 199,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 17,000 units, which were 4/5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $918,000, direct labor cost incurred was $292,750, and factory overhead applied was $68,670. Determine the following for the Pressing Department....
cost per equivalent unite
Calculator Costs per Equivalent Unit Georgia Products Inc. completed and transferred 173,000 particle board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in process inventory was 15,000 units, which were 3/4 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $789,600, direct labor cost incurred was $238,790, and factory overhead applied was $56,010. Determine...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 181,000 partice board units of production from the Pressing Department. There was no beginning inventory in process in the department. The ending in-process inventory was 16,000 units, which were 2/5 complete as to conversion cost. Al materials are added at the beginning of the process. Direct materials cost incurred was $905,200, direct labor cost incurred was $242,870, and factory overhead applied was $56,970. Determine the following for the Pressing Department....
Most questions answered within 3 hours.
-
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 58 minutes ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 1 hour ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 1 hour ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 2 hours ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 2 hours ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 3 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 3 hours ago -
A high-pass filter consists of a 1.60 μF capacitor in series
with a 125 Ω resistor....
asked 3 hours ago -
A newly developed artificial intelligence has trouble
distinguishing hand-written numbers from hand-written alphabets.
There are pictures...
asked 3 hours ago -
The carbonate ion CO3 2- has multiple resonance structures.
a. Draw them and assign the hybridization...
asked 3 hours ago -
In doing an allocation for a basket purchase
Use the individual costs and the total market...
asked 3 hours ago -
what were the social political and economic causes and impacts of
the late 19th century urban...
asked 3 hours ago