Q.4.The forming Department of the ABC Company employs six workers on an 8-hour shift at $12.50...
Q.4.The forming Department of the ABC Company employs six
workers on an 8-hour shift at $12.50 per hour. Factory overhead is
$120 per hour. Production for the second week of June shows,
Monday, 460 units, Tuesday, 475 units, Wednesday, 492units,
Thursday, 500 units and Friday, 510 units. The company has recently
installed a group 100-percent bonus system with a standard
production for the group of 60 units per hour. The bonus is
computed for each day. The controller asks that any analysis of the
week’s production costs.
Required:
Prepare a schedule showing earnings in the department the unit
labor cost the unit overhead cost the total cost per unit (Round
unit costs to three decimal places)
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Q.4.The forming Department of the ABC Company employs six
workers on an 8-hour shift at $12.50...
26. Under a modified wage plan, Him works an eight-hour day and earns $.50 for each...
26. Under a modified wage plan, Him works an eight-hour day and earns $.50 for each finished unit he produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum wage. His production this week was as follows: Monday 220 units Tuesday 180 units Wednesday 200 units Thursday 200 units Friday 190 units How much was the make-up guarantee paid to Jim this week? a $10 b. $5 c. $15 d. $12.50 27. Under a...
how do i calculate? Fields Company has two manufacturing departments, forming and painting. The company uses...
how do i calculate?
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $70,100 consisted of $50,800 of direct materials costs and $19,300 of conversion costs. During the month, the forming department started 400,000 units. At the end of...
How do i calculate? Fields Company has two manufacturing departments, forming and painting. The company uses...
How do i calculate?
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $70,100 consisted of $50,800 of direct materials costs and $19,300 of conversion costs. During the month, the forming department started 400,000 units. At the end of...
The Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average...
The Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 25,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $60,100 consisted of $44,800 of direct materials costs and $15,300 of conversion costs. During the month, the forming department started 300,000 units. At the end of the month, the...
(The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming...
(The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 36,000 units in inventory, 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $81,100 consisted of $57,400 of direct materials costs and $23,700 of conversion costs. During the month, the forming department started 510,000 units....
Badgersize Company has the following information for its Forming Department for the month of August. $...
Badgersize Company has the following information for its Forming Department for the month of August. $ 80,000 24,000 104,000 53,000 58,000 Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs: Direct labor Overhead applied Total conversion $ 136,000...
HOW DO I CALCULATE? Fields Company has two manufacturing departments, forming and painting. The company uses...
HOW DO I CALCULATE?
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $70,100 consisted of $50,800 of direct materials costs and $19,300 of conversion costs. During the month, the forming department started 400,000 units. At the end of the...
Badgersize Company has the following information for its Forming Department for the month of August. Work in Process In...
Badgersize Company has the following information for its Forming Department for the month of August. Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials 80,000 24,000 104,000 54,000 58,000 ? 157,000 Conversion costs: Direct labor 112,000 Overhead applied 147,000 259,000...
Explanations for each answer are appreciated. Badgersize Company has the following information for its Forming Department...
Explanations for each answer are
appreciated.
Badgersize Company has the following information for its Forming Department for the month of August Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete $80,000 24,000 $ 104,000 48,000 56,000 conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs Direct labor...
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of...
Fields Company has two manufacturing departments, forming and
painting. The company uses the weighted-average method of process
costing. At the beginning of the month, the forming department has
31,000 units in inventory, 70% complete as to materials and 30%
complete as to conversion costs. The beginning inventory cost of
$72,100 consisted of $52,000 of direct materials costs and $20,100
of conversion costs.
During the month, the forming department started 420,000 units. At
the end of the month, the forming department...
26. Under a modified wage plan, Him works an eight-hour day and earns $.50 for each finished unit he produces in excess of 200 units. However, he is guaranteed $12.50 per hour as a minimum wage. His production this week was as follows: Monday 220 units Tuesday 180 units Wednesday 200 units Thursday 200 units Friday 190 units How much was the make-up guarantee paid to Jim this week? a $10 b. $5 c. $15 d. $12.50 27. Under a...
how do i calculate?
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $70,100 consisted of $50,800 of direct materials costs and $19,300 of conversion costs. During the month, the forming department started 400,000 units. At the end of...
How do i calculate?
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $70,100 consisted of $50,800 of direct materials costs and $19,300 of conversion costs. During the month, the forming department started 400,000 units. At the end of...
The Fields Company has two manufacturing departments, forming and painting. The company uses the weighted average method of process costing. At the beginning of the month, the forming department has 25,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $60,100 consisted of $44,800 of direct materials costs and $15,300 of conversion costs. During the month, the forming department started 300,000 units. At the end of the month, the...
(The following information applies to the questions displayed below.) Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 36,000 units in inventory, 65% complete as to materials and 35% complete as to conversion costs. The beginning inventory cost of $81,100 consisted of $57,400 of direct materials costs and $23,700 of conversion costs. During the month, the forming department started 510,000 units....
Badgersize Company has the following information for its Forming Department for the month of August. $ 80,000 24,000 104,000 53,000 58,000 Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs: Direct labor Overhead applied Total conversion $ 136,000...
HOW DO I CALCULATE?
Fields Company has two manufacturing departments, forming and painting. The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 30,000 units in inventory, 60% complete as to materials and 40% complete as to conversion costs. The beginning inventory cost of $70,100 consisted of $50,800 of direct materials costs and $19,300 of conversion costs. During the month, the forming department started 400,000 units. At the end of the...
Badgersize Company has the following information for its Forming Department for the month of August. Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete Conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials 80,000 24,000 104,000 54,000 58,000 ? 157,000 Conversion costs: Direct labor 112,000 Overhead applied 147,000 259,000...
Explanations for each answer are
appreciated.
Badgersize Company has the following information for its Forming Department for the month of August Work in Process Inventory, August 1: 20,000 units Direct materials: 100% complete $80,000 24,000 $ 104,000 48,000 56,000 conversion: 20% complete Balance in work in process, August 1 Units started during August Units completed and transferred in August Work in process (70% complete), August 31 Costs charged to Work in Process in August Direct materials Conversion costs Direct labor...
Fields Company has two manufacturing departments, forming and
painting. The company uses the weighted-average method of process
costing. At the beginning of the month, the forming department has
31,000 units in inventory, 70% complete as to materials and 30%
complete as to conversion costs. The beginning inventory cost of
$72,100 consisted of $52,000 of direct materials costs and $20,100
of conversion costs.
During the month, the forming department started 420,000 units. At
the end of the month, the forming department...
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