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I need a clear step by step of how to slove this promnle. 1. Data for...
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need a clear step by step of how to slove this promnle.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion Beginning Work in Process 40,000 (100%) (60%) Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100.000 Percentage of completion for materials and conversion are given in the table above. 2. Data: Selling price = $50, variable cost per unit -...
I need help with this Managerial Accounting question. please show work so that I can understand...
I
need help with this Managerial Accounting question. please show
work so that I can understand it better.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion 40,000 (100%) (60%) Beginning Work in Process Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000 Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units of...
I need help with this Managerial Accounting question. 1. Data for Wolf Manufacturing Company (uses process...
I
need help with this Managerial Accounting question.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion 40,000 Beginning Work in Process Ending Work in Process (100%) (60%) 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000. Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units of production for material and conversion using the weighted average method....
2. Data: Selling price = $50, variable cost per unit = $30, total fixed costs =...
2. Data: Selling price = $50, variable cost per unit = $30, total fixed costs = $400,000, and target profit = $100,000. a. Calculate the breakeven point in units using the equation method. b. Calculate the breakeven point in units using the formula method. c. Calculate the sales in units needed to earn the target profit. d. Calculate the total sales dollars needed to earn the target profit. Show all calculations,
I know the answers I just need detailed step-by-step instructions. Gerard Corporation adds raw materials to...
I know the answers I just need detailed step-by-step instructions. Gerard Corporation adds raw materials to production at the beginning of the process in the Assembly Department. Materials data for this department for March 2011 are as follows: Costs Units Materials Conversion Work in process, March 1 25,000 $ 68,750 $167,650 Started during March 100,000 300,000 903,350 Work in process, March 31 10,000 Beginning inventory was 70 percent complete. Ending inventory was 40 percent complete. 11a. Refer to...
Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and...
Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and Transferred Out 95,000 Work-In-Process, Ending ? 60% 20% Work-In-Process, Beginning $22,600 $16,600 Costs added during period $133,400 $81,400 Using the weighted average process costing method what is the ending work-in-process physical units? Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and Transferred Out 95,000 Work-In-Process, Ending ? 60% 20% Work-In-Process, Beginning $22,600 $16,600 Costs added during period...
T Company makes a product that goes through a single processing department. Direct Materials are added...
T Company makes a product that goes through a single processing department. Direct Materials are added at the start of the process, while Conversion Costs are added evenly during the process. T Company uses the Weighted Average method of Process Costing. During last month, T Company had 10,870 units in beginning Work-in-Process Inventory which were 100% complete for materials and 30% complete for conversion. There were 43,130 units started during the period. After finishing the 10,870 units in beginning Work-in-Process...
ch 16 exercise Required information [The following information applies to the questions displayed below.] A production...
ch 16 exercise
Required information
[The following information applies to the questions
displayed below.]
A production department in a process manufacturing system completed
its work on 86,000 units of product and transferred them to the
next department during a recent period. Of these units, 34,400 were
in process at the beginning of the period. The other 51,600 units
were started and completed during the period. At period-end, 17,800
units were in process.
Prepare the production department’s equivalent units of
production...
! Required information (The following information applies to the questions displayed below.) A production department in...
! Required information (The following information applies to the questions displayed below.) A production department in a process manufacturing system completed its work on 88,000 units of product and transferred them to the next department during a recent period. Of these units, 26,400 were in process at the beginning of the period. The other 61,600 units were started and completed during the period. At period-end, 16,400 units were in process. ok nt encos Prepare the production department's equivalent units of...
need help with 7 but the information in question 6 is said to be meeded in...
need help with 7 but the information in question 6 is said to
be meeded in order to solve
_6. (CPA) The Wiring Department is the second stage of Flem Company's pro- duction cycle. On May 1 of the current fiscal year, the beginning work-in- process inventory consisted of 25,000 units that are 60% complete as to conversion costs. During May, 100,000 units are transferred in from the first stage of Flem's production cycle. On May 31, the ending work-in-process...
I
need a clear step by step of how to slove this promnle.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion Beginning Work in Process 40,000 (100%) (60%) Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100.000 Percentage of completion for materials and conversion are given in the table above. 2. Data: Selling price = $50, variable cost per unit -...
I
need help with this Managerial Accounting question. please show
work so that I can understand it better.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion 40,000 (100%) (60%) Beginning Work in Process Ending Work in Process 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000 Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units of...
I
need help with this Managerial Accounting question.
1. Data for Wolf Manufacturing Company (uses process costing method): Percent Complete Units Materials Conversion 40,000 Beginning Work in Process Ending Work in Process (100%) (60%) 10,000 (60%) (20%) Units started during the period - 70,000. Units completed during the period - 100,000. Percentage of completion for materials and conversion are given in the table above. a. Complete the equivalent units of production for material and conversion using the weighted average method....
2. Data: Selling price = $50, variable cost per unit = $30, total fixed costs = $400,000, and target profit = $100,000. a. Calculate the breakeven point in units using the equation method. b. Calculate the breakeven point in units using the formula method. c. Calculate the sales in units needed to earn the target profit. d. Calculate the total sales dollars needed to earn the target profit. Show all calculations,
ch 16 exercise
Required information
[The following information applies to the questions
displayed below.]
A production department in a process manufacturing system completed
its work on 86,000 units of product and transferred them to the
next department during a recent period. Of these units, 34,400 were
in process at the beginning of the period. The other 51,600 units
were started and completed during the period. At period-end, 17,800
units were in process.
Prepare the production department’s equivalent units of
production...
! Required information (The following information applies to the questions displayed below.) A production department in a process manufacturing system completed its work on 88,000 units of product and transferred them to the next department during a recent period. Of these units, 26,400 were in process at the beginning of the period. The other 61,600 units were started and completed during the period. At period-end, 16,400 units were in process. ok nt encos Prepare the production department's equivalent units of...
need help with 7 but the information in question 6 is said to
be meeded in order to solve
_6. (CPA) The Wiring Department is the second stage of Flem Company's pro- duction cycle. On May 1 of the current fiscal year, the beginning work-in- process inventory consisted of 25,000 units that are 60% complete as to conversion costs. During May, 100,000 units are transferred in from the first stage of Flem's production cycle. On May 31, the ending work-in-process...
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