Question

23. Holton Company has the following equivalent units for July: materials 20,000 and conversion 18,000. Production cost data
38. Estimated costs for activity cost pools and other item(s) are as follows: Machining $500,000 Assembling 200,000 Advertisi
47. Assuming the cost of direct materials used is $1,800,000, compute the total manufacturing costs using the information bel
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Answer #1

23.A. 3.55.........3.13.

working:

unit product cost = (beginning work in progress + cost added) / number of units

materials

=> ($8000+63,000) / 20,000 units

=>$3.55.

conversion

unit product cost = (3750+52500) / 18,000

=>$3.13.

38.$1,325,000.

Total estimated overhead = sum of all activity cost pools:

500,000+200,000+450,000+175,000

=>$1,325,000.

47.D.$3,499,000.

direct materials 1,800,000
direct labor 890,000
factory utilities 225,000
indirect labor 75,000
factory depreciation 500,000
beginning work in process, january 1 27,000
less: ending work in process, december 31 (18,000)
total manufacturing costs $3,499,000

51 .D.96,000.

units to be accounted for = ending work in process + units transferred out

=>65,000+31,000

=>96,000.

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