Homework Answers
| a. | Ending units=Beginning units+Units started-Units transferred out=4500+81000-82200=3300 units | |||||||||
| Units started and completed=Units transferred out-Beginning units=82200-4500=77700 units | ||||||||||
| Equivalent units: | ||||||||||
| Materials | Conversion | |||||||||
| Units | % of completion | Equivalent units | Units | % of completion | Equivalent units | |||||
| Beginning WIP | 4500 | 0% | 0 | 4500 | 40% | 1800 | ||||
| (1-3/5) | ||||||||||
| Units started and completed | 77700 | 100% | 77700 | 77700 | 100% | 77700 | ||||
| Ending WIP | 3300 | 100% | 3300 | 3300 | 60% | 1980 | ||||
| (3/5) | ||||||||||
| Total equivalent units | 81000 | 81480 | ||||||||
| 1 | Direct material cost per equivalent unit=Direct material cost/Equivalent units (Materials)=162000/81000=$ 2 | |||||||||
| 2 | Coversion cost per equivalent unit=Cost of direct labor and factory overhead/Equivalent units (Convesrion)=(46930+26402)/81480=$ 0.9 | |||||||||
| 3 | Cost of the beginning WIP completed during march=Cost of beginning WIP+(Equivalent units-Conversion)*Conversion cost per equivalent units)=11295+(1800*0.9)=$ 12915 | |||||||||
| 4 | Cost of units started and completed=Equivalent units*(Direct material cost per equivalent unit+Conversion cost per equivalent unit)=77700*(2+0.9)=$ 225330 | |||||||||
| 5 | Cost of the ending work in process=(Equivalent units-Materials*direct material cost per equivalent unit)+(Equivalent unit-Conversion*Conversion cost per equivalent units)=(3300*2)+(1980*0.9)=$ 8382 | |||||||||
| b. | Direct material cost is same for Nov and Dec. | |||||||||
| Hence,direct material cost included in beginning inventory=4500*2=$ 9000 | ||||||||||
| Conversion cost per equivalent unit for prior period=(Total beg balance-Material cost)/Equivalent units of conversion in prior period=(11295-9000)/(4500*3/5)=$ 0.85 | ||||||||||
| Conversion cost per equivalent unit increased from $0.85 to $0.90 | ||||||||||
Add Answer to:
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production ACCOUNT Work In Process-Baking Department ACCOUNT NO. Balance Item Debit Credit Debit Credit Date Dec. 1 Bal., 5,100 units, 4/5 completed 9,384 31 Direct materials, 91,800 units 128,520 137,904 31 Direct labor 34,740 172,644 31 Factory overhead 19,548 192,192 31 Goods finished, 93,000 units 185,796 6,396 31 Bal., 7 units, 2/5 completed 5,396...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, 3/4 completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., ? units, 1/2 completed 115,500...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., 2 units, completed 115,500 a. Based...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 7,500 units, 2/5 completed 15,750 31 Direct materials, 135,000 units 243,000 258,750 31 Direct labor 70,840 329,590 31 Factory overhead 39,848 369,438 31 Goods finished, 136,800 units 355,530 13,908 31 Bal., ? units, 4/5 completed 13,908...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 5,700 units, 4/5 completed 14,250 31 Direct materials, 102,600 units 194,940 209,190 31 Direct labor 52,250 261,440 31 Factory overhead 29,398 290,838 31 Goods finished, 104,100 units 280,842 9,996 31 Bal., ? units, 3/5 completed 9,996...
Costs per Equivalent Unit: The following information concerns production in the Baking Department for December. All dire...
Costs per Equivalent Unit: The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Dec. 1 Bal., 8,100 units, 2/5 completed 13,122 31 Direct materials, 145,800 units 204,120 217,242 31 Direct labor 56,400 273,642 31 Factory overhead 31,728 305,370 31 Goods finished, 147,600 units 295,038 10,332 31 Bal., ? units, 2/5 completed 10,332...
Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All...
Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 9,000 units, 3/5 completed 15,570 31 Direct materials, 162,000 units 226,800 242,370 31 Direct labor 63,060 305,430 31 Factory overhead 35,472 340,902 31 Goods finished, 164,100 units 327,930 12,972 31 Bal. ? units, 4/5 completed 12,972...
Costs per Equivalent Unit Dec. The following information concerns production in the Baking Department for December....
Costs per Equivalent Unit Dec. The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 1 Bal., 4,800 units, 4/5 completed 12,864 31 Direct materials, 86,400 units 172,800 185,664 31 Direct labor 49,080 234,744 31 Factory overhead 27,600 262,344 31 Goods finished, 87,600 units 253,848 8,496 31 Bal., 2 units, 2/5 completed 8,496...
Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All...
Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Credit Debit 14,760 Mar. 1 Bal., 18,000 units, 1/4 completed 31 Direct materials, 336,000 units 31 Direct labor 252,000 40,000 266,760 306,760 31 Factory overhead 60,530 367,290 31 Goods finished, 330,000 units 346,410 20,880 31 Bal 2 units, 2/5 completed 20,880...
Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All...
Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 6,900 units, 3/5 completed 15,525 31 Direct materials, 124,200 units 223,560 239,085 31 Direct labor 63,960 303,045 31 Factory overhead 35,976 339,021 31 Goods finished, 126,000 units 327,393 11,628 31 Bal. ? units, 3/5 completed 11,628...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production ACCOUNT Work In Process-Baking Department ACCOUNT NO. Balance Item Debit Credit Debit Credit Date Dec. 1 Bal., 5,100 units, 4/5 completed 9,384 31 Direct materials, 91,800 units 128,520 137,904 31 Direct labor 34,740 172,644 31 Factory overhead 19,548 192,192 31 Goods finished, 93,000 units 185,796 6,396 31 Bal., 7 units, 2/5 completed 5,396...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, 3/4 completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., ? units, 1/2 completed 115,500...
Costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 24,000 units, completed 116,700 31 Direct materials, 134,000 units 234,500 351,200 31 Direct labor 150,000 501,200 31 Factory overhead 375,000 876,200 31 Goods finished, 128,000 units 760,700 115,500 31 Bal., 2 units, completed 115,500 a. Based...
Costs per Equivalent Unit Dec. The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 1 Bal., 4,800 units, 4/5 completed 12,864 31 Direct materials, 86,400 units 172,800 185,664 31 Direct labor 49,080 234,744 31 Factory overhead 27,600 262,344 31 Goods finished, 87,600 units 253,848 8,496 31 Bal., 2 units, 2/5 completed 8,496...
Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Credit Debit 14,760 Mar. 1 Bal., 18,000 units, 1/4 completed 31 Direct materials, 336,000 units 31 Direct labor 252,000 40,000 266,760 306,760 31 Factory overhead 60,530 367,290 31 Goods finished, 330,000 units 346,410 20,880 31 Bal 2 units, 2/5 completed 20,880...
Most questions answered within 3 hours.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 1 hour ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 1 hour ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 3 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 3 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 4 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 5 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 6 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 7 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 7 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 8 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 10 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 10 hours ago