Please answer letter c and provide further explanation and hint for the problem.
Homework Answers
The answer is attached in below picture
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Thanks
For part B the answer above did not notice the line "Assume the finnished product has one half pound of resin" therefore to do part B correctly you take the output divide is by 2 and you will get the ammount of resin in the output, then you use the output resin divide it by the input.
e.g. May there is 900,000 feet of resin
Amount of resin = 900,000 / 2 = 450,000 ammount of resin.
To find the ratio in part B 450,000(output resin) / 460,000(input resin)
The ratio would be 97.8%. You can do this for June and July using the same process but the appropriate numbers. The other answer in the solution above is correct.
Add Answer to:
Please answer letter c and provide further explanation
and hint for the problem.
Work In Process-Sifting...
Cost of Production Report: Average Cost Method Blue Ribbon Flour Company manufactures flour by a series...
Cost of Production Report: Average Cost Method Blue Ribbon Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process—Sifting Department was as follows on May 1: Work in Process—Sifting Department (1,500 units, 75% completed) $3,400 The following costs were charged to Work in Process—Sifting Department during May: Direct materials...
Cost of Production Report: Weighted average method Blue Ribbon Four Company manufactures flour by a series...
Cost of Production Report: Weighted average method Blue Ribbon Four Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Miling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour The balance in the account Work in Process-Sifting Department was as follows on May 1: Work in Process-Sifting Department (1,500 units, 75% completed) $3,400 The following costs were charged to Work in Process-Sifting Department during May Direct materials...
Appendix PR 3-5B Cost of production report: average cost method Blue Ribbon Flour Company manufactures flour...
Appendix PR 3-5B Cost of production report: average cost method Blue Ribbon Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on May 1: rred to Dept., 54,000 $3,400 Work in Process-Sifting Department (1,500 units, 75% completed) TEMPLATE The following costs were charged to...
Cost of Production Reports Average Cost Method Blue Ribbon Hour Company manufactures flour by a series...
Cost of Production Reports Average Cost Method Blue Ribbon Hour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Miling Department, the materials pass through the Sitting and Padaging departments, emerging as packaged refined flour The balance in the account Work in Process --Sifting Department was as follows on May 1: Work in Process Sifting Department (1.500 units, 75% completed) $3,400 The following costs were charged to Work in Process-Sting Department during May...
Joshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department....
Joshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process—Sifting Department was as follows on March 1: Work in Process—Sifting Department (3,200 units, 75% completed) $3,500 The following costs were charged to Work in Process—Sifting Department during March: Direct materials transferred from Milling Department: 14,500 units $51,400 Direct...
Joshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department....
Joshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on March 1: Work in Process-Sifting Department (3,200 units, 75% completed) $3,500 The following costs were charged to Work in Process-Sifting Department during March: Direct materials transferred from Milling Department: 14,500 units $51,400 Direct...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on July 1: Work in Process-Sifting Department (700 units, 3/5 completed): Direct materials (700 × $2.35) $1,645 Conversion (700 × 3/5 × $0.30) 126 $1,771 The following costs...
Cost of Production e t Average Cast Method Blue Ribbon Four Company manufactures four by a...
Cost of Production e t Average Cast Method Blue Ribbon Four Company manufactures four by a series of the processes, beginning in the Ming Department from the Milling Department, the materials pass through the string and packaging departments, emerging as paded red flour. The balance in the account Work in Process-Sting Department was as follows on May 11 Work in Process ing Department (1.500 , completed) $3,400 The following costs were charged to work in Process-Sitting Department during May: Direct...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain...
White Diamond Flour Company manufactures flour by a series of
three processes, beginning with wheat grain being introduced in the
Milling Department. From the Milling Department, the materials pass
through the Sifting and Packaging departments, emerging as packaged
refined flour.
The balance in the account Work in Process-Sifting Department
was as follows on July 1:
Work in Process-Sifting Department
(1,000 units, 3/5 completed):
Direct materials (1,000 × $2.15)
$2,150
Conversion (1,000 × 3/5 × $0.40)
240
$2,390
The following costs...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain...
White Diamond Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on July 1: Work in Process-Sifting Department (600 units, 3/5 completed): Direct materials (600 × $2.25) $1,350 Conversion (600 × 3/5 × $0.40) 144 $1,494 The following costs...
Cost of Production Report: Weighted average method Blue Ribbon Four Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Miling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour The balance in the account Work in Process-Sifting Department was as follows on May 1: Work in Process-Sifting Department (1,500 units, 75% completed) $3,400 The following costs were charged to Work in Process-Sifting Department during May Direct materials...
Appendix PR 3-5B Cost of production report: average cost method Blue Ribbon Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on May 1: rred to Dept., 54,000 $3,400 Work in Process-Sifting Department (1,500 units, 75% completed) TEMPLATE The following costs were charged to...
Cost of Production Reports Average Cost Method Blue Ribbon Hour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Miling Department, the materials pass through the Sitting and Padaging departments, emerging as packaged refined flour The balance in the account Work in Process --Sifting Department was as follows on May 1: Work in Process Sifting Department (1.500 units, 75% completed) $3,400 The following costs were charged to Work in Process-Sting Department during May...
Joshua Flour Company manufactures flour by a series of three processes, beginning in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process-Sifting Department was as follows on March 1: Work in Process-Sifting Department (3,200 units, 75% completed) $3,500 The following costs were charged to Work in Process-Sifting Department during March: Direct materials transferred from Milling Department: 14,500 units $51,400 Direct...
Cost of Production e t Average Cast Method Blue Ribbon Four Company manufactures four by a series of the processes, beginning in the Ming Department from the Milling Department, the materials pass through the string and packaging departments, emerging as paded red flour. The balance in the account Work in Process-Sting Department was as follows on May 11 Work in Process ing Department (1.500 , completed) $3,400 The following costs were charged to work in Process-Sitting Department during May: Direct...
White Diamond Flour Company manufactures flour by a series of
three processes, beginning with wheat grain being introduced in the
Milling Department. From the Milling Department, the materials pass
through the Sifting and Packaging departments, emerging as packaged
refined flour.
The balance in the account Work in Process-Sifting Department
was as follows on July 1:
Work in Process-Sifting Department
(1,000 units, 3/5 completed):
Direct materials (1,000 × $2.15)
$2,150
Conversion (1,000 × 3/5 × $0.40)
240
$2,390
The following costs...
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