Homework Answers
| Materials | Conversion costs | ||
| Beginning work in process | 0 | 12420 | =27600*(1-55%) |
| Started and completed | 72400 | 72400 | =100000-27600 |
| Ending work in process | 38200 | 11460 | =38200*30% |
| Equivalent units | 110600 | 96280 | |
| Unit costs | |||
| Materials | 5.300 | =586180/110600 | |
| Conversion | 5.150 | =(200400+295442)/96280 | |
| Total | 10.450 | ||
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Jul Angerlal Accounting, Fifth Canadian Edition Help System Announcements RCES ent Question 28 Quebec Manufacturing Ltd....
Question 31 Montreal Manufacturing Inc. has the following cost and production data for the month of...
Question 31 Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 17,400 units 103,300 92,000 28,700 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: $66,100 22,000 16,600 Beginning inventory costs are: Materials Direct labour Factory overhead...
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning...
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 101,500 90,400 28,000 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: Beginning inventory costs are: Materials Direct labour $63,600 21,600 16,800 Factory overhead Costs incurred...
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning...
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 101,500 90,400 28,000 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process Costs pertaining to the month of April are as follows: $63,600 21,600 16,800 Beginning inventory costs are: Materials Direct labour Factory overhead Costs incurred...
I tried multiple times to solve it and I can't get the right answer. Montreal Manufacturing...
I tried multiple times to solve it and I can't get the right
answer.
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 103,300 90,500 29,700 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows:...
Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements Question 10 The following manufacturing costs were...
Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,430. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,900 33,890 39,660 38,970 3,060 159,480 Factory Labour $28,000 34,500 17,500 26,000 5,430 111,430 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation...
MANAGERIAL ACCOUNTING DISCUSSION PROBLEM 7 PROCESS COSTING-SINGLE DEPARTMENT Van Buren Company manufactures a product that uses...
MANAGERIAL ACCOUNTING DISCUSSION PROBLEM 7 PROCESS COSTING-SINGLE DEPARTMENT Van Buren Company manufactures a product that uses a process cost system to accumulate its costs of production. The following information is available for the month of February regarding costs of production for this product. VAN BUREN COMPANY COSTS OF PRODUCTION FOR PROCESS COSTING ANALYSIS FOR MONTH OF FEBRUARY Beginning WIP: Direct Materials 40,000 Conversion Costs 90,000 Current Period: Direct Materials 375,900 Conversion Costs 575,250 The company had 5,000 units in beginning...
Question 2 The polishing department of Lacroix Manufacturing Company has the following production and manufacturing cost...
Question 2 The polishing department of Lacroix Manufacturing Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory of 2,500 units that are 100% complete in terms of materials and 30% complete in terms of conversion costs; units started during the period are 11,700; ending inventory of 3,500 units are 10% complete in terms of conversion costs. Manufacturing costs: Beginning inventory costs, comprising $24,800 of materials and...
Question 2 The welding department of Balogh Manufacturing Company has the following production and manufacturing cost...
Question 2 The welding department of Balogh Manufacturing Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Beginning work in process Materials Production Data Beginning work in process $18,360 14,020 Conversion costs $32,380 167,490 52,100 57,850 Materials 15,000 units 1/10 complete 48,500 44,000 10,500 units 1/5 complete Units transferred out Units started Ending work in process Labour Overhead Prepare a production cost report for the...
The accountant for Whirly Manufacturing Inc. gathered the following information for the month of November: Beginning...
The accountant for Whirly Manufacturing Inc. gathered the
following information for the month of November:
Beginning WIP
16,000 units
Started production
100,000
Completed production
92,000
Ending WIP
24,000
The beginning inventory was 60% complete for materials and 20%
complete for conversion costs. The ending inventory was 90%
complete for materials and 40% complete for conversion costs.
Costs pertaining to the month of November are as follows:
Beginning inventory costs are:
Materials
$54,560
Direct labour
20,320
Factory overhead
15,240
Costs incurred...
Sweyqandt, Managerial Accounting, Fifth Canadian Edition PRINTER VERSION « BACK NEXT Question 2 Kasten Company manufactures...
Sweyqandt, Managerial Accounting, Fifth Canadian Edition PRINTER VERSION « BACK NEXT Question 2 Kasten Company manufactures bowling balls through two processes: moulding and packaging. In the moulding department, urethane, rubber, plastic, and other materials are moulded into bowling balls. In the packaging department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are entered at the beginning of each process. Labour and manufacturing overhead are incurred uniformly throughout each process. Production and cost data...
Question 31 Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 17,400 units 103,300 92,000 28,700 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: $66,100 22,000 16,600 Beginning inventory costs are: Materials Direct labour Factory overhead...
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 101,500 90,400 28,000 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows: Beginning inventory costs are: Materials Direct labour $63,600 21,600 16,800 Factory overhead Costs incurred...
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 101,500 90,400 28,000 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process Costs pertaining to the month of April are as follows: $63,600 21,600 16,800 Beginning inventory costs are: Materials Direct labour Factory overhead Costs incurred...
I tried multiple times to solve it and I can't get the right
answer.
Montreal Manufacturing Inc. has the following cost and production data for the month of April. Beginning WIP Started in production Completed production Ending WIP 16,900 units 103,300 90,500 29,700 The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of the process. Costs pertaining to the month of April are as follows:...
Weygandt, Managerial Accounting, Fifth Canadian Edition Help System Announcements Question 10 The following manufacturing costs were incurred: 1. Materials purchased on account were $256,400, and wages for factory workers were $111,430. 2. Materials requisitioned and factory labour used by each job were as follows: Job Number A1 A2 A3 A4 General factory use Total Materials $43,900 33,890 39,660 38,970 3,060 159,480 Factory Labour $28,000 34,500 17,500 26,000 5,430 111,430 3. Manufacturing overhead costs incurred on account were $69,600. 4. Depreciation...
MANAGERIAL ACCOUNTING DISCUSSION PROBLEM 7 PROCESS COSTING-SINGLE DEPARTMENT Van Buren Company manufactures a product that uses a process cost system to accumulate its costs of production. The following information is available for the month of February regarding costs of production for this product. VAN BUREN COMPANY COSTS OF PRODUCTION FOR PROCESS COSTING ANALYSIS FOR MONTH OF FEBRUARY Beginning WIP: Direct Materials 40,000 Conversion Costs 90,000 Current Period: Direct Materials 375,900 Conversion Costs 575,250 The company had 5,000 units in beginning...
Question 2 The polishing department of Lacroix Manufacturing Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory of 2,500 units that are 100% complete in terms of materials and 30% complete in terms of conversion costs; units started during the period are 11,700; ending inventory of 3,500 units are 10% complete in terms of conversion costs. Manufacturing costs: Beginning inventory costs, comprising $24,800 of materials and...
Question 2 The welding department of Balogh Manufacturing Company has the following production and manufacturing cost data for February 2020. All materials are added at the beginning of the process. Manufacturing Costs Beginning work in process Materials Production Data Beginning work in process $18,360 14,020 Conversion costs $32,380 167,490 52,100 57,850 Materials 15,000 units 1/10 complete 48,500 44,000 10,500 units 1/5 complete Units transferred out Units started Ending work in process Labour Overhead Prepare a production cost report for the...
The accountant for Whirly Manufacturing Inc. gathered the
following information for the month of November:
Beginning WIP
16,000 units
Started production
100,000
Completed production
92,000
Ending WIP
24,000
The beginning inventory was 60% complete for materials and 20%
complete for conversion costs. The ending inventory was 90%
complete for materials and 40% complete for conversion costs.
Costs pertaining to the month of November are as follows:
Beginning inventory costs are:
Materials
$54,560
Direct labour
20,320
Factory overhead
15,240
Costs incurred...
Sweyqandt, Managerial Accounting, Fifth Canadian Edition PRINTER VERSION « BACK NEXT Question 2 Kasten Company manufactures bowling balls through two processes: moulding and packaging. In the moulding department, urethane, rubber, plastic, and other materials are moulded into bowling balls. In the packaging department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are entered at the beginning of each process. Labour and manufacturing overhead are incurred uniformly throughout each process. Production and cost data...
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