Homework Answers
| Total manufacturing costs | 111000 |
| Less: Total materials cost | 90000 |
| Conversion costs | 21000 |
| Divide by Equivalent units | 7000 |
| Conversion cost per unit | 3.00 |
| Option D $3.00 is correct |
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Multiple Choice Question 123 Crane Industries has 7000 equivalent units of production for both materials and...
Multiple Choice Question 80 Waterway Company has the following equivalent units of production for July: materials...
Multiple Choice Question 80 Waterway Company has the following equivalent units of production for July: materials 25500 and conversion costs 26000. Production cost data are: Work in process, July 1 Costs added in July Materials $ 6100 50000 Conversion $ 2200 42000 The unit production costs for July are: Materials Conversion Costs $2.20 $1.70 $1.96 $1.70 OOOO $2.20 $1.62 $1.96 $1.62
Sunland Industries has equivalent units of 7600 for materials and for conversion costs. Total manufacturing costs...
Sunland Industries has equivalent units of 7600 for materials and for conversion costs. Total manufacturing costs are $132760. Total materials costs are $94000. How much is the conversion cost per unit? $12.37. $5.10. $29.84 $17.47 In Bonita, Inc., the Assembly Department started 59700 units and completed 70200 units. If beginning work in process was 30300 units, how many units are in ending work in process? 0. 19800 10500 39900.
Multiple Choice Question 116 Marigold Company had the following department Information for the month: Total materials...
Multiple Choice Question 116 Marigold Company had the following department Information for the month: Total materials costs Equivalent units of materials Total conversion costs Equivalent units of conversion costs $52000 10000 $77000 25000 What is the total manufacturing cost per unit? $8.28. $3.69 O $5.20. 0 $3.08.
Question 34 Fullerton Company has the following equivalent units for October: materials 40,000 and conversion costs...
Question 34 Fullerton Company has the following equivalent units for October: materials 40,000 and conversion costs 15,000. Production cost data are: Materials Conversion Work in process, October 1 $ 50,000 $ 7.500 Costs added in October 130.000 22,500 The unit production costs for October are: $3.25 Materials Cost per unit and $1.50 Conversion Costs per unit $4.50 Materials Cost per unit and $2.00 Conversion Costs per unit $3.25 Materials Cost per unit and $.50 Conversion Costs per unit 01.25 Materials...
Multiple choice Question 56 Oriole and Miller Manufacturing is trying to determine the equivalent units for...
Multiple choice Question 56 Oriole and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 10000 units of ending work in processo completion and 32200 physical units. There are no beginning units in the department. Conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period? O 7560. O 46000 O28960 O 43000.
Exercise 16-0/ (Video) The Sanding Department of Crane Furniture Company has the following production and manufacturing...
Exercise 16-0/ (Video) The Sanding Department of Crane Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 6,240 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $36,960; labor $21,400; overhead $30,242. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to decimal places, e.g. 125.)...
Questions: 1. Compute the equivalent units of production for materials and conversion costs for the month...
Questions:
1. Compute the equivalent units of production for materials and
conversion costs for the month of September.
The equivalent units of production
Materials:
Conversion Costs:
?
?
2. Compute the unit costs for materials and conversion costs for
the month. (round unit costs to 2 decimals places)
Unit Costs
Materials:
Conversion Costs:
?
?
3. Determine the costs to be assigned to the units transferred
out and in process. (round unit costs to 2 decimal places)
Transferred out:
$...
Question 3 1 pts Given the following information, calculate equivalent units of production for materials and...
Question 3 1 pts Given the following information, calculate equivalent units of production for materials and conversion costs (using the weighted average method): Units Materials Conversion Units Completed 120,000 Work-in-process, ending 20,000 20% complete 10% complete Units Materials Conversion Units Completed 120,000 [Select) Select) WIP, ending 20,000 Materials 20% [ Select) Conversion 10% Select) > Total Equiv. Units [ Select) [Select) Question 4 1 pts Jsing the information below and from question #3 above (the total equivalent units numbers), calculate...
Cinder Company had the following department information for the month: Total materials cost: $60,000 Equivalent units...
Cinder Company had the following department information for the month: Total materials cost: $60,000 Equivalent units of materials: $10,000 Total conversion costs: $90,000 Equivalent units of conversion costs: $20,000 How much is the total manufacturing cost per unit? Show work.
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a...
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 9,000 units, 75% completed 27,000 To Finished Goods, 207,000 units Direct materials, 212,000 units @ 318,000 $1.5 Direct labor 334,900 Factory overhead 130,290 Bal. ? units, 80% completed Determine the following: a. The number of units in work...
Multiple Choice Question 80 Waterway Company has the following equivalent units of production for July: materials 25500 and conversion costs 26000. Production cost data are: Work in process, July 1 Costs added in July Materials $ 6100 50000 Conversion $ 2200 42000 The unit production costs for July are: Materials Conversion Costs $2.20 $1.70 $1.96 $1.70 OOOO $2.20 $1.62 $1.96 $1.62
Sunland Industries has equivalent units of 7600 for materials and for conversion costs. Total manufacturing costs are $132760. Total materials costs are $94000. How much is the conversion cost per unit? $12.37. $5.10. $29.84 $17.47 In Bonita, Inc., the Assembly Department started 59700 units and completed 70200 units. If beginning work in process was 30300 units, how many units are in ending work in process? 0. 19800 10500 39900.
Multiple Choice Question 116 Marigold Company had the following department Information for the month: Total materials costs Equivalent units of materials Total conversion costs Equivalent units of conversion costs $52000 10000 $77000 25000 What is the total manufacturing cost per unit? $8.28. $3.69 O $5.20. 0 $3.08.
Question 34 Fullerton Company has the following equivalent units for October: materials 40,000 and conversion costs 15,000. Production cost data are: Materials Conversion Work in process, October 1 $ 50,000 $ 7.500 Costs added in October 130.000 22,500 The unit production costs for October are: $3.25 Materials Cost per unit and $1.50 Conversion Costs per unit $4.50 Materials Cost per unit and $2.00 Conversion Costs per unit $3.25 Materials Cost per unit and $.50 Conversion Costs per unit 01.25 Materials...
Multiple choice Question 56 Oriole and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 10000 units of ending work in processo completion and 32200 physical units. There are no beginning units in the department. Conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period? O 7560. O 46000 O28960 O 43000.
Exercise 16-0/ (Video) The Sanding Department of Crane Furniture Company has the following production and manufacturing cost data for March 2020, the first month of operation. Production: 6,240 units finished and transferred out; 3,000 units started that are 100% complete as to materials and 20% complete as to conversion costs. Manufacturing costs: Materials $36,960; labor $21,400; overhead $30,242. Prepare a production cost report. (Round unit costs to 2 decimal places, e.g. 2.25 and other answers to decimal places, e.g. 125.)...
Questions:
1. Compute the equivalent units of production for materials and
conversion costs for the month of September.
The equivalent units of production
Materials:
Conversion Costs:
?
?
2. Compute the unit costs for materials and conversion costs for
the month. (round unit costs to 2 decimals places)
Unit Costs
Materials:
Conversion Costs:
?
?
3. Determine the costs to be assigned to the units transferred
out and in process. (round unit costs to 2 decimal places)
Transferred out:
$...
Question 3 1 pts Given the following information, calculate equivalent units of production for materials and conversion costs (using the weighted average method): Units Materials Conversion Units Completed 120,000 Work-in-process, ending 20,000 20% complete 10% complete Units Materials Conversion Units Completed 120,000 [Select) Select) WIP, ending 20,000 Materials 20% [ Select) Conversion 10% Select) > Total Equiv. Units [ Select) [Select) Question 4 1 pts Jsing the information below and from question #3 above (the total equivalent units numbers), calculate...
Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 9,000 units, 75% completed 27,000 To Finished Goods, 207,000 units Direct materials, 212,000 units @ 318,000 $1.5 Direct labor 334,900 Factory overhead 130,290 Bal. ? units, 80% completed Determine the following: a. The number of units in work...
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