Homework Answers
1)
Normal spoilage = 130,000 X 5% = 6,500 units
Abnormal spoilage = 12,200 - 6,500 = 5,700 units
2)
Savings = $12 X 12,200 units = $146,400
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1. For each cost category, calculate equivalent units. Show
physical units in the first column of your schedule.
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equivalent unit for each cost category; and assign total costs to
units completed and transferred out (including normal spoilage), to
abnormal spoilage, and to units in ending work in process.
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Required:
1. For each cost category, calculate equivalent units. Show
physical units in the first column of your schedule.
2. Summarize total costs to account for; calculate cost per
equivalent unit for each cost category; and assign total costs to
units completed and transferred out (including normal spoilage), to
abnormal spoilage, and to units in ending work in process.
Q.1. XYZ Company makes Plastic chairs in its forming department, and it uses the average method of process costing. All direct...
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