Homework Answers
| Answer | |
|
Materials |
|
| Units completed | $ 2,050 |
| Equivalent units (640 * 90%) | $ 576 |
| $ 2,626 | |
| Labor | |
| Units completed | $ 2,050 |
| Equivalent units (640 * 60%) | $ 384 |
| $ 2,434 | |
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The Runner Tire Company produces tires used on small trailers. The month of June ended with...
The following data pertain to the Hercules Tire and Rubber Company for the month of May....
The following data pertain to the Hercules Tire and Rubber Company for the month of May. Work in process, May 1 (in units) ? Units started during May 60,000 Total units to account for 75,000 Units completed and transferred out during May ? Work in process, May 31 (in units) 10,000 Total equivalent units: direct material 75,000 Total equivalent units: conversion ? Work in process, May 1: direct material $ 135,000 Work in process, May 1: conversion ? Costs...
The following data pertain to the Hercules Tire and Rubber Company for the month of May....
The following data pertain to the Hercules Tire and Rubber Company for the month of May. 60,000 75,000 10,000 75,000 $ 135,000 Work in process, May 1 (in units) Units started during May Total units to account for Units completed and transferred out during May Work in process, May 31 (in units) Total equivalent units: direct material Total equivalent units: conversion Work in process, May 1: direct material Work in process, May 1: conversion Costs incurred during May: direct material...
2. 3. 4 The following data pertain to the Hercules Tire and Rubber Company for the...
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The following data pertain to the Hercules Tire and Rubber Company for the month of May. 60,000 75,000 10,000 75,000 $ 135,000 Work in process, May 1 (in units) Units started during May Total units to account for Units completed and transferred out during May Work in process, May 31 (in units) Total equivalent units: direct material Total equivalent units: conversion Work in process, May 1: direct material Work in process, May 1: conversion Costs incurred during...
the Baking Grayson Company produces an industrial chemical used for cleaning and lubricating machinery. In the...
the Baking Grayson Company produces an industrial chemical used for cleaning and lubricating machinery. In the Mixing Department, liquid and dry chemicals are blended to form slurry. Output is measured in gallons. Department, the slurry is subjected to high heat, and the residue appears in irregular lumps. Output is measured in pounds. In the Grinding Department, the irregular lumps are ground into a powder, and this powder is placed in 50-pound bags. Output measured in bags produced. n April, the...
Vista Vacuum Company has the following production information for the month of March. All materials are...
Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units • Beginning inventory of 4,100 units that are 100 percent complete for materials and 22 percent complete for conversion. • 14,400 units started during the period. • Ending inventory of 2,700 units that are 12 percent complete for conversion. Manufacturing Costs • Beginning inventory was $20,000 ($10,100 materials and $9,900 conversion costs). Costs added during...
3. Vista Vacuum Company has the following production information for the month of March. All materials...
3. Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units Beginning inventory of 3,100 units that are 100 percent complete for materials and 20 percent complete for conversion. .15,100 units started during the period. Ending inventory of 3,800 its that are 11 percent complete for conversion. Manufacturing Costs .Beginning inventory was $20,100 ($9,600 materials and $10,500 conversion costs). Costs added during the month were...
Appendix: Normal and Abnormal Spoilage Larkin Company produces leather strips for western belts using three processes:...
Appendix: Normal and Abnormal Spoilage Larkin Company produces leather strips for western belts using three processes: cutting, design and coloring, and punching. The weighted average method is used for all three departments. The following information pertains to the Design and Coloring Department for the month of June: There was no beginning work in process. There were 400,000 units transferred in from the Cutting Department. Ending work in process, June 30: 50,000 strips, 80 percent complete with respect to conversion costs....
The following informaiton is used for Questions 2-5 Yoder Corporation uses the weighted-average method in its...
The following informaiton is used for Questions 2-5 Yoder Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process…………………………………….. 40,000 Percent complete with respect to materials………. 70% Percent complete with respect to conversion………. 60% Costs in the beginning inventory: Materials cost…………………………………… $8,200 Conversion cost………………………………… $4,800 Units started into production during the month…………… 750,000 Units completed and transferred out...
Vista Vacuum Company has the following production information for the month of March. All materials are...
Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units . Beginning inventory of 3,100 units that are 100 percent complete for materials and 22 percent complete for conversion. 14,300 units started during the period. Ending inventory of 4,200 units that are 19 percent complete for conversion. Manufacturing Costs . Beginning inventory was $20,500 ($10,000 materials and $10,500 conversion costs). Costs added during the month...
Vista Vacuum Company has the following production information for the month of March. All materials are...
Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units Beginning inventory of 3,500 units that are 100 percent complete for materials and 28 percent complete for conversion • 15,300 units started during the period. Ending inventory of 3,700 units that are 18 percent complete for conversion Manufacturing Costs Beginning inventory was $19,600 ($9,000 materials and $10,600 conversion costs). • Costs added during the month...
The following data pertain to the Hercules Tire and Rubber Company for the month of May. 60,000 75,000 10,000 75,000 $ 135,000 Work in process, May 1 (in units) Units started during May Total units to account for Units completed and transferred out during May Work in process, May 31 (in units) Total equivalent units: direct material Total equivalent units: conversion Work in process, May 1: direct material Work in process, May 1: conversion Costs incurred during May: direct material...
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The following data pertain to the Hercules Tire and Rubber Company for the month of May. 60,000 75,000 10,000 75,000 $ 135,000 Work in process, May 1 (in units) Units started during May Total units to account for Units completed and transferred out during May Work in process, May 31 (in units) Total equivalent units: direct material Total equivalent units: conversion Work in process, May 1: direct material Work in process, May 1: conversion Costs incurred during...
the Baking Grayson Company produces an industrial chemical used for cleaning and lubricating machinery. In the Mixing Department, liquid and dry chemicals are blended to form slurry. Output is measured in gallons. Department, the slurry is subjected to high heat, and the residue appears in irregular lumps. Output is measured in pounds. In the Grinding Department, the irregular lumps are ground into a powder, and this powder is placed in 50-pound bags. Output measured in bags produced. n April, the...
Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units • Beginning inventory of 4,100 units that are 100 percent complete for materials and 22 percent complete for conversion. • 14,400 units started during the period. • Ending inventory of 2,700 units that are 12 percent complete for conversion. Manufacturing Costs • Beginning inventory was $20,000 ($10,100 materials and $9,900 conversion costs). Costs added during...
3. Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units Beginning inventory of 3,100 units that are 100 percent complete for materials and 20 percent complete for conversion. .15,100 units started during the period. Ending inventory of 3,800 its that are 11 percent complete for conversion. Manufacturing Costs .Beginning inventory was $20,100 ($9,600 materials and $10,500 conversion costs). Costs added during the month were...
Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units . Beginning inventory of 3,100 units that are 100 percent complete for materials and 22 percent complete for conversion. 14,300 units started during the period. Ending inventory of 4,200 units that are 19 percent complete for conversion. Manufacturing Costs . Beginning inventory was $20,500 ($10,000 materials and $10,500 conversion costs). Costs added during the month...
Vista Vacuum Company has the following production information for the month of March. All materials are added at the beginning of the manufacturing process. Units Beginning inventory of 3,500 units that are 100 percent complete for materials and 28 percent complete for conversion • 15,300 units started during the period. Ending inventory of 3,700 units that are 18 percent complete for conversion Manufacturing Costs Beginning inventory was $19,600 ($9,000 materials and $10,600 conversion costs). • Costs added during the month...
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