A part is produced in lots of 1,000 units. It is assembled from 2 components worth...
A part is produced in lots of 1,000 units. It is assembled from 2 components worth $50 total. The value added in production (for labor and variable overhead) is $60 per unit, bringing total costs per completed unit to $110. The average lead time for the part is 6 weeks and annual demand is 3,800 units, based on 50 business weeks per year.
a. How many units of the part are held, on average, in cycle inventory? What is the dollar value of this inventory?
b. How many units of the part are held, on average, in pipeline inventory? What is the dollar value of this inventory? (Hint: Assume that the typical part in pipeline inventory is 50 percent completed. Thus, half the labor and variable overhead cost has been added, bringing the unit cost to $80 $80, or $50 + $60 ∕ 2 $50+$60∕2).
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A part is produced in lots of 1,000 units. It is assembled from
2 components worth...
A part is produced in lots of 1,200 units. It is assembled from 2 components worth...
A part is produced in lots of 1,200 units. It is assembled from 2 components worth $30 total. The value added in production (for labor and variable overhead) is $30 per unit, bringing total costs per completed unit to $60. The average lead time for the part is 6 weeks and annual demand is 3,700 units, based on 50 business weeks per year a. How many units of the part are held, on average, in cycle inventory?units. (Enter your response...
2) Peoria Company assembled the following data: Units in beginning inventory Units produced Units solod 5,000...
2) Peoria Company assembled the following data: Units in beginning inventory Units produced Units solod 5,000 4,500 $25 per unit $10 per unit Sales price Variable costs: Production Selling and administrative $4 per unit Fixed costs: Production Selling and administrative $15,000 $10,000 Calculate the following: a. Absorption costing product cost (cost per unit) b. Variable costing net income c. Absorption Costing Net Income
pter 19 Homework Saved Sales price per unit $ 300 per Units produced this year unit...
pter 19 Homework Saved Sales price per unit $ 300 per Units produced this year unit Units sold this year 120,000 units Units in beginning-year inventory 123, 250 units Beginning inventory costs 3, 250 units Variable (3,250 units * $135) $ Fixed (3,250 units * $80) 438,750 260,000 Total $ 698,750 Manufacturing costs this year Direct materials $ Direct labor unit Overhead costs this year Variable overhead $3,000,000 Fixed overhead $7,600,000 Selling and administrative costs this year Variable $1,400,000 Fixed...
Kubick Company produced 10,000 units and sold 9,000 units Sales price $9 per unit Costs were...
Kubick Company produced 10,000 units and sold 9,000 units Sales price $9 per unit Costs were as follows: Direct materials $1.00 per unit Direct labor $1.50 per unit Variable manufacturing overhead $.50 per unit Fixed manufacturing overhead total $20,000 Variable selling expense $.80 per unit Fixed administrative expense total $17,000 There was no beginning inventory. Determine cost of goods sold using the absorption-costing approach. Group of answer choices
plzz answer all parts Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5)...
plzz answer all parts
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $599,780 in total. The ending work in process inventory in January consisted of 3,000 units, which...
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5) Superior Micro Products uses...
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,900 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $676,264 in total. The ending work in process inventory in January consisted of 3,400 units, which were 50% complete with...
Penny Worth Tiles is a specialized producer of ceramic tiles. Its production process involves highly skilled...
Penny Worth Tiles is a specialized producer of ceramic tiles. Its production process involves highly skilled workers and top-quality ceramic crafters. Work in Process is relatively large because each tile is in process for up to three weeks because of art, mold work, and drying time. October began with 4,380 units (a unit is one ceramic tile) in process, on average 50 percent complete as to direct materials and 30 percent complete as to conversion costs; 6,600 units were started...
The inventory at June 1 and costs charged to Work in Process-Department 60 during June are...
The inventory at June 1 and costs charged to Work in Process-Department 60 during June are as follows: 3,800 units, 80% completed ($25,000 materials, $35,400 conversion) Direct materials, 32,000 units Direct labor Factory overhead Total cost to be accounted for $60,400 368,000 244,000 188,000 $860,400 During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory of work in process consisted of 4,600 units that were...
The Inventory at June 1 and costs charged to Work in Process-Department 60 during June are...
The Inventory at June 1 and costs charged to Work in Process-Department 60 during June are as follows: 3,800 units, 80% completed ($25,000 materials, $35,400 conversion) Direct materials, 32,000 units Direct labor Factory overhead Total cost to be accounted for $60,400 368,000 244,000 188,000 $860,400 During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory of work in process consisted of 4,600 units that were...
1) 2) 3) 4) 5) The following unit data were assembled for the assembly process of...
1)
2)
3)
4)
5)
The following unit data were assembled for the assembly process of the Super Co. for the month of April. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO method. Units Beginning work in process, (60% completed) Units started in April Ending work in process, (30% completed) 5,000 48,000 ,000 The number of equivalent units produced with respect to conversion costs...
A part is produced in lots of 1,200 units. It is assembled from 2 components worth $30 total. The value added in production (for labor and variable overhead) is $30 per unit, bringing total costs per completed unit to $60. The average lead time for the part is 6 weeks and annual demand is 3,700 units, based on 50 business weeks per year a. How many units of the part are held, on average, in cycle inventory?units. (Enter your response...
2) Peoria Company assembled the following data: Units in beginning inventory Units produced Units solod 5,000 4,500 $25 per unit $10 per unit Sales price Variable costs: Production Selling and administrative $4 per unit Fixed costs: Production Selling and administrative $15,000 $10,000 Calculate the following: a. Absorption costing product cost (cost per unit) b. Variable costing net income c. Absorption Costing Net Income
pter 19 Homework Saved Sales price per unit $ 300 per Units produced this year unit Units sold this year 120,000 units Units in beginning-year inventory 123, 250 units Beginning inventory costs 3, 250 units Variable (3,250 units * $135) $ Fixed (3,250 units * $80) 438,750 260,000 Total $ 698,750 Manufacturing costs this year Direct materials $ Direct labor unit Overhead costs this year Variable overhead $3,000,000 Fixed overhead $7,600,000 Selling and administrative costs this year Variable $1,400,000 Fixed...
plzz answer all parts
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $599,780 in total. The ending work in process inventory in January consisted of 3,000 units, which...
Exercise 4-12 Equivalent Units; Assigning Costs; Cost Reconciliation-Weighted-Average Method [LO4-2, LO4-4, LO4-5) Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,900 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $676,264 in total. The ending work in process inventory in January consisted of 3,400 units, which were 50% complete with...
The inventory at June 1 and costs charged to Work in Process-Department 60 during June are as follows: 3,800 units, 80% completed ($25,000 materials, $35,400 conversion) Direct materials, 32,000 units Direct labor Factory overhead Total cost to be accounted for $60,400 368,000 244,000 188,000 $860,400 During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory of work in process consisted of 4,600 units that were...
The Inventory at June 1 and costs charged to Work in Process-Department 60 during June are as follows: 3,800 units, 80% completed ($25,000 materials, $35,400 conversion) Direct materials, 32,000 units Direct labor Factory overhead Total cost to be accounted for $60,400 368,000 244,000 188,000 $860,400 During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory of work in process consisted of 4,600 units that were...
1)
2)
3)
4)
5)
The following unit data were assembled for the assembly process of the Super Co. for the month of April. Direct materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO method. Units Beginning work in process, (60% completed) Units started in April Ending work in process, (30% completed) 5,000 48,000 ,000 The number of equivalent units produced with respect to conversion costs...
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