Homework Answers
Part-1)
|
Quantity Schedule: |
||
|
Units received from preceding department A |
20,000 |
|
|
Units transferred to finished goods |
15,000 |
|
|
Units still in process |
5,000 |
20,000 |
|
Equivalent Production: |
|||
|
Transferred in from Dept A |
Materials |
Conversion |
|
|
Transferred to finished goods |
15,000 |
15,000 |
15,000 |
|
Ending inventory |
5,000 |
5,000 |
3,000 |
|
20,000 |
20,000 |
20,000 |
Part-2)
Cost per equivalent unit for conversion costs: [$9,000 / (20,000 - 5000*40%)] = [$9,000 / 18,000] = $0.50 per unit
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4. Equivalent Units of Production: During April, 20,000 units were transferred...
plz solve step by step 5. Costing of Units Transferred Out; Abnormal Loss During February, the...
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5. Costing of Units Transferred Out; Abnormal Loss During February, the Assembly department received 60,000 units from Cutting department at a unit cost of $3.54. Costs added in the Assembly department were: materials, $41,650; labor, $101,700; and factory overhead. $56,500. There was no beginning inventory. Of the 60,000 units received, 50,000 were transferred out; 9,000 units were in process at the end of the month (all materials, 2/3 converted); 1,000 lost units were 1/2 complete...
plz solve step by step 3. Cost of Production Report: Brooks Inc. uses process costing. The...
plz solve step by step
3. Cost of Production Report: Brooks Inc. uses process costing. The costs for Department 2 for April were: $20,000 Cost from preceding department Cost added by department: Materials Labor Factory overhead (FOH) $21,816 7,776 4,104 33,696 The following information was obtained from the department's quantity schedule: Units received 5,000 Units transferred out 4,000 Units still in process 1,000 The degree of completion of the work in process as to costs originating in department 2 was:...
plz solve step by step 1. Cost of Production Report: A company's Department 2 costs for...
plz solve step by step
1. Cost of Production Report: A company's Department 2 costs for June were: $16320 Cost from Department 1 Cost added in Department 2: Materials Labor Factory overhead (FOH) 43,415 56,100 58,575 The quantity schedule shows 12,000 units were received during the month from Department 1; 7,000 units were transferred to finished goods; and 5,000 units in process at the end of June were 50% complete as to materials cost and 25% complete as to conversion...
During April, the production department of a process manufacturing system completed a number of units of...
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 68,000 were in process in the production department at the beginning of April and 272,000 were started and completed in April. April's beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of April, 90,000 additional units were in process in the...
During April, the production department of a process manufacturing system completed a number of units of...
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60 %complete with respect to materials and 40 %complete with respect to conversion. At the end of April, 82,000 additional units were in process in the...
During April, the production department of a process manufacturing system completed a number of units of...
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 84,000 were in process in the production department at the beginning of April and 336,000 were started and completed in April. April's beginning inventory units were 80% complete with respect to materials and 20% complete with respect to conversion. At the end of April, 106,000 additional units were in process in the...
During April, the production department of a process manufacturing system completed a number of units of...
During April, the production department of a process manufacturing
system completed a number of units of a product transferred them to
finished goods. these transferred units, 60, 00 were in process in
the production department at the beginning of April and 240.000
were started and completed in April. April's beginning inventory
units were 60% complete with respect to materials and 40% complete
with respect to conversion. At the end of April, 82,000 additional
units were in process in the production...
During April, the production department of a process manufacturing system completed a number of units of...
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April, Apni's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of April, 82,000 additional units were in process in the...
plz solve step by step 6. Cost of Production Report; Normal and Abnormal Loss: The Sterling...
plz solve step by step
6. Cost of Production Report; Normal and Abnormal Loss: The Sterling Company uses process costing. In department B, conversion costs are incurred uniformly throughout the process. Materials are added at the end of the process, following inspection. Normal spoilage is expected to be 5% of good output. The following information related to department B for January: Dollars $84,000 Units 12,000 9,000 2,000 Received from department A Transferred to finished goods Ending inventory (70% complete) Cost...
Required Information The following information applies to the questions displayed below.) During April, the first production...
Required Information The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 375,000 units of a product and transferred them to the next department. Of these transferred units, 75,000 were in process in the production department at the beginning of April and 300.000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to...
plz solve step by step
5. Costing of Units Transferred Out; Abnormal Loss During February, the Assembly department received 60,000 units from Cutting department at a unit cost of $3.54. Costs added in the Assembly department were: materials, $41,650; labor, $101,700; and factory overhead. $56,500. There was no beginning inventory. Of the 60,000 units received, 50,000 were transferred out; 9,000 units were in process at the end of the month (all materials, 2/3 converted); 1,000 lost units were 1/2 complete...
plz solve step by step
3. Cost of Production Report: Brooks Inc. uses process costing. The costs for Department 2 for April were: $20,000 Cost from preceding department Cost added by department: Materials Labor Factory overhead (FOH) $21,816 7,776 4,104 33,696 The following information was obtained from the department's quantity schedule: Units received 5,000 Units transferred out 4,000 Units still in process 1,000 The degree of completion of the work in process as to costs originating in department 2 was:...
plz solve step by step
1. Cost of Production Report: A company's Department 2 costs for June were: $16320 Cost from Department 1 Cost added in Department 2: Materials Labor Factory overhead (FOH) 43,415 56,100 58,575 The quantity schedule shows 12,000 units were received during the month from Department 1; 7,000 units were transferred to finished goods; and 5,000 units in process at the end of June were 50% complete as to materials cost and 25% complete as to conversion...
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60 %complete with respect to materials and 40 %complete with respect to conversion. At the end of April, 82,000 additional units were in process in the...
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 84,000 were in process in the production department at the beginning of April and 336,000 were started and completed in April. April's beginning inventory units were 80% complete with respect to materials and 20% complete with respect to conversion. At the end of April, 106,000 additional units were in process in the...
During April, the production department of a process manufacturing
system completed a number of units of a product transferred them to
finished goods. these transferred units, 60, 00 were in process in
the production department at the beginning of April and 240.000
were started and completed in April. April's beginning inventory
units were 60% complete with respect to materials and 40% complete
with respect to conversion. At the end of April, 82,000 additional
units were in process in the production...
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April, Apni's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of April, 82,000 additional units were in process in the...
plz solve step by step
6. Cost of Production Report; Normal and Abnormal Loss: The Sterling Company uses process costing. In department B, conversion costs are incurred uniformly throughout the process. Materials are added at the end of the process, following inspection. Normal spoilage is expected to be 5% of good output. The following information related to department B for January: Dollars $84,000 Units 12,000 9,000 2,000 Received from department A Transferred to finished goods Ending inventory (70% complete) Cost...
Required Information The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 375,000 units of a product and transferred them to the next department. Of these transferred units, 75,000 were in process in the production department at the beginning of April and 300.000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to...
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