Homework Answers
| Bubbly Bottling Company | ||||
| Production Cost Report | ||||
| For the month ended March 31 | ||||
| Actual Units | ||||
| Caluclation of Physical UNITS: | ||||
| Units in begining inventory | 26000 | |||
| Units started during the period | 74000 | |||
| Units to be accounted for | 100000 | |||
| Actual Units | Equivalent Units | |||
| Material | CC | |||
| Units Completed and Transferred | 66000 | 66000 | 66000 | |
| Units in ending inventory | 34000 | 34000 | 13600 | |
| Total accounted for | 100000 | 100000 | 79600 | |
| Costs: | ||||
| Material | CC | Total | ||
| Costs in beginning inventory | 6440 | 7760 | 14200 | |
| Cost added dueing the year | 16620 | 31200 | 47820 | |
| Total cost to account for | 23060 | 38960 | 62020 | |
| Equivalent Units from above | 100000 | 79600 | ||
| Cost per equivalnet unit | 0.23 | 0.49 | ||
| Material | CC | Total | ||
| Cost Accounted for | ||||
| Units completed and transfer | 15219.6 | 32303.52 | ||
| Units in ending inventory | 7840.4 | 6656.482 | ||
| Total Cost Accounted for | 23060 | 38960 |
Add Answer to:
Bubbly Bottling Company bottles ginger beer soft drinks using a process cost system. Following are cost...
The following information relates to Caromatic Company for its line of perfume products for the month...
The following information relates to Caromatic Company for its line of perfume products for the month ended May 31: Units in beginning inventory (units 2,600 equal cases of product) Cost of units in beginning inventory: Materials $40,200 Conversion costs (labor and $18,700 overhead) Units placed in 53,000 production Costs incurred during the current period: Materials $131,000 Conversion costs (labor and $214,000 overhead) Units remaining in ending inventory (100% complete as to 2,900 materials, 65% complete as to conversion costs) Required:...
Cost of Production Report: Average Cost Method The increases to Work in Process—Roasting Department for Boston...
Cost of Production Report: Average Cost Method The increases to Work in Process—Roasting Department for Boston Coffee Company for March 2016 as well as information concerning production are as follows: Work in process, March 1, 3,100 pounds, 40% completed $31,070 Coffee beans added during March, 191,300 pounds 1,072,040 Conversion costs during March 450,570 Work in process, March 31, 1,900 pounds, 90% completed _ Goods finished during March, 192,500 pounds _ Prepare a cost of production report, using the average cost...
Cost of Production Report: Average Cost Method The increases to Work in Process—Roasting Department for Boston...
Cost of Production Report: Average Cost Method The increases to Work in Process—Roasting Department for Boston Coffee Company for March 2016 as well as information concerning production are as follows: Work in process, March 1, 2,000 pounds, 50% completed $20,040 Coffee beans added during March, 123,400 pounds 691,550 Conversion costs during March 290,650 Work in process, March 31, 1,200 pounds, 90% completed _ Goods finished during March, 124,200 pounds _ Prepare a cost of production report, using the average cost...
Geller Manufacturing uses a process cost system to manufacture sensors for the security industry. The following...
Geller Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of March. Production Units in process, March 1 (60% complete with materials; 30% complete with conversion) Units completed and transferred-out Units in process, March 31 (90% complete with materials; 50% complete with conversion) 12,000 units 88,000 units 34,000 units Costs Work-In-Process, March 1: Costs added during March: Materials S 44,400; Materials $548,600; Conversion $ 30,500 Conversion $599,500...
Pix Company has the following production data for March: no beginning work in process, units started...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 29,000, and
ending work in process 5,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $5
and unit conversion cost is $15. The total costs to be assigned are
$638,300, prepare the cost section of the production cost report
for Pix Company using...
Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes...
Sunspot Beverages, Ltd., of Fiji uses the weighted-average method in its process costing system. It makes blended tropical fruit drinks in two stages. Fruit juices are extracted from fresh fruits and then blended in the Blending Department. The blended juices are then bottled and packed for shipping in the Bottling Department. The following information pertains to the operations of the Blending Department for June. Percent Completed Units Materials Conversion Work in process, beginning 20,000 100% 75% Started into production 180,000...
Pix Company has the following production data for March: no beginning work in process, units started...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 27,000, and
ending work in process 3,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $6
and unit conversion cost is $10. The total costs to be assigned are
$465,000, prepare the cost section of the production cost report
for Pix Company using...
Cost of Production Report: Average Cost Method The increases to Work in Process-Roasting Department for Boston...
Cost of Production Report: Average Cost Method The increases to Work in Process-Roasting Department for Boston Coffee Company for March 2016 as well as information concerning production are as follows: work in process, March 1, 2,800 pounds, 10% completed Coffee beans added during March, 172,800 pounds Conversion costs during March work in process, March 31, 1,700 pounds, 80% completed Goods finished during March, 173,900 pounds Prepare a cost of production report, $21,030 725,580 304,950 using the average cost method. If...
John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018....
John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018. (Click the icon to view the production and cost data.) Read the requirements. Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 25% complete for materials and 90% complete for conversion costs. This means that for the beginning inventory 75 % of the materials and 10 % of the conversion costs were added during April. Requirement 1b. On April 30, the...
800 gallons 8,400 gallons 7,700 gallons 1,500 gallons Gallons Beginning Work-in-Process Inventory Started in production Completed...
800 gallons 8,400 gallons 7,700 gallons 1,500 gallons Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in March Ending Work-in-Process Inventory (80% of the way through the fermenting process) Costs Beginning Work-in-Process Inventory: Direct materials Direct labor Manufacturing overhead allocated Costs added during March: Direct materials Direct labor $ 1,509 160 260 930 3,100 Manufacturing overhead allocated $ 12,641 Total costs added during March Jackson Winery in Pleasant Valley, New York, has two departments: Fermenting...
The following information relates to Caromatic Company for its line of perfume products for the month ended May 31: Units in beginning inventory (units 2,600 equal cases of product) Cost of units in beginning inventory: Materials $40,200 Conversion costs (labor and $18,700 overhead) Units placed in 53,000 production Costs incurred during the current period: Materials $131,000 Conversion costs (labor and $214,000 overhead) Units remaining in ending inventory (100% complete as to 2,900 materials, 65% complete as to conversion costs) Required:...
Geller Manufacturing uses a process cost system to manufacture sensors for the security industry. The following information pertains to operations for the month of March. Production Units in process, March 1 (60% complete with materials; 30% complete with conversion) Units completed and transferred-out Units in process, March 31 (90% complete with materials; 50% complete with conversion) 12,000 units 88,000 units 34,000 units Costs Work-In-Process, March 1: Costs added during March: Materials S 44,400; Materials $548,600; Conversion $ 30,500 Conversion $599,500...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 29,000, and
ending work in process 5,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $5
and unit conversion cost is $15. The total costs to be assigned are
$638,300, prepare the cost section of the production cost report
for Pix Company using...
Pix Company has the following production data for March: no
beginning work in process, units started and completed 27,000, and
ending work in process 3,300 units that are 100% complete for
materials and 40% complete for conversion costs. Pix uses the FIFO
method to compute equivalent units. If unit materials cost is $6
and unit conversion cost is $10. The total costs to be assigned are
$465,000, prepare the cost section of the production cost report
for Pix Company using...
Cost of Production Report: Average Cost Method The increases to Work in Process-Roasting Department for Boston Coffee Company for March 2016 as well as information concerning production are as follows: work in process, March 1, 2,800 pounds, 10% completed Coffee beans added during March, 172,800 pounds Conversion costs during March work in process, March 31, 1,700 pounds, 80% completed Goods finished during March, 173,900 pounds Prepare a cost of production report, $21,030 725,580 304,950 using the average cost method. If...
John's Frozen Pizzas uses FIFO process costing. Selected production and cost data follow for April 2018. (Click the icon to view the production and cost data.) Read the requirements. Requirement 1a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 25% complete for materials and 90% complete for conversion costs. This means that for the beginning inventory 75 % of the materials and 10 % of the conversion costs were added during April. Requirement 1b. On April 30, the...
800 gallons 8,400 gallons 7,700 gallons 1,500 gallons Gallons Beginning Work-in-Process Inventory Started in production Completed and transferred out to Packaging in March Ending Work-in-Process Inventory (80% of the way through the fermenting process) Costs Beginning Work-in-Process Inventory: Direct materials Direct labor Manufacturing overhead allocated Costs added during March: Direct materials Direct labor $ 1,509 160 260 930 3,100 Manufacturing overhead allocated $ 12,641 Total costs added during March Jackson Winery in Pleasant Valley, New York, has two departments: Fermenting...
Most questions answered within 3 hours.
-
A crate slides up a frictionless slope. At the end of 3 seconds
its velocity is...
asked 11 minutes ago -
Use the following information to answer the next seven
questions.
Suppose there are three potential states...
asked 7 minutes ago -
If we only have interstitial and substitutional diffusion, then
what do we consider the process of...
asked 23 minutes ago -
You look at yourself in a shiny 9.6-cm-diameter Christmas tree
ball.
If your face is 21.0...
asked 25 minutes ago -
If we were to measure the relaxation time of a muscle after
undergoing tetanus compared to...
asked 24 minutes ago -
4CO(g) + 8H2(g) -----> 3CH4(g) +
CO2(g) + 2H2O(l)
Use the following data as needed to...
asked 27 minutes ago -
without using map
1. Write a C++ program to find out the top 10 words in...
asked 41 minutes ago -
1)Calculate the percent ionization of a
0.330 M solution of hypochlorous
acid.
% Ionization = %...
asked 43 minutes ago -
1a) How many grams of K2SO4 are in 250mL
of 0.11 M K2SO4 solution?
_____ g...
asked 34 minutes ago -
The vapor pressure of a solution containing 38.7 g glycerin
(C3H8O3) in 146.2 g ethanol (C2H5OH)...
asked 39 minutes ago -
A physics major is cooking breakfast when he notices that the
frictional force between the steel...
asked 45 minutes ago -
A cyclohexane (c-hex) solution is prepared by fully dissolving
9.11g of a newly synthesized organic compound...
asked 51 minutes ago