Homework Answers
| Cost per Equivalent unit | |||||||
| Material | Conversion | Total | |||||
| Cost incurred in period | 16516 | 21591 | 38107 | ||||
| Divide: EUP | 20390 | 19295 | |||||
| Cost per EUP units | 0.81 | 1.119 | 1.929 | ||||
| Cost reconciliation | |||||||
| Cost accounted for: | |||||||
| Cost of Units transferred out (18200 units @1.929): | 35107 | ||||||
| Cost of Ending WIP | |||||||
| Material (2190*0.81) | 1774 | ||||||
| Conversion (2190*50% *1.12) | 1226 | 3000 | |||||
| Total Cost accounted for | 38107 | ||||||
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Brief Exercise 16-9 Production costs chargeable to the Finishing Department in June in Hollins Company are...
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $18,761, labor...
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $18,761, labor $45,068, overhead $19,500. Equivalent units of production are materials 21,080 and conversion costs 19,990. Production records indicate that 18,900 units were transferred out, and 2,180 units in ending work in process were 50% complete as to conversion cost and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25.) Cost Reconciliation Cost accounted for Transferred...
Brief Exercise 16-09 Production costs chargeable to the Finishing Department in June in Crane Company are...
Brief Exercise 16-09 Production costs chargeable to the Finishing Department in June in Crane Company are materials $17,052, labor $22,965, overhead $19,000. Equivalent units of production are materials 20,300 and conversion costs 19,250. Production records indicate that 18,200 units were transferred out, and 2,100 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers...
Brief Exercise 16-09 Production costs chargeable to the Finishing Department in June in Crane Company are...
Brief Exercise 16-09 Production costs chargeable to the Finishing Department in June in Crane Company are materials $17,052, labor $22,965, overhead $19,000. Equivalent units of production are materials 20,300 and conversion costs 19,250. Production records indicate that 18,200 units were transferred out, and 2,100 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers...
Brief Exercise 3-9 Production costs chargeable to the finishing Department in Pune in Hollins Company are...
Brief Exercise 3-9 Production costs chargeable to the finishing Department in Pune in Hollins Company are materials $12,000, labor $29.500, overhead $18.000. Equivalent units of production are materials 20.000 a transferred out, and 2.000 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, ed. 2.25 and final answers to decimal places 125) Cost Reconciliation Transferred out Work in...
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $18,260, labor...
Production costs chargeable to the Finishing Department in June
in Hollins Company are materials $18,260, labor $39,728, overhead
$19,100. Equivalent units of production are materials 20,750 and
conversion costs 19,675. Production records indicate that 18,600
units were transferred out, and 2,150 units in ending work in
process were 50% complete as to conversion cost and 100% complete
as to materials.
Cost Reconciliation Cost accounted for Transferred out Work in process Materials Conversion costs Total cost accounted for
Production costs chargeable to the Finishing Department in June in Marigold Company are materials $16,800, labor...
Production costs chargeable to the Finishing Department in June in Marigold Company are materials $16,800, labor $41,748, overhead $18,900. Equivalent units of production are materials 21,000 and conversion costs 19,950. Production records indicate that 18,900 units were transferred out, and 2,100 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal...
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,880, labor...
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,880, labor $24,006, overhead $18,500. Equivalent units of production are materials 21,100 and conversion costs 20,050. Production records indicate that 19,000 units were transferred out, and 2,100 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule.
Production costs chargeable to the Finishing Department in June in Bramble Company are materials $14,626, labor...
Production costs chargeable to the Finishing Department in June in Bramble Company are materials $14,626, labor $41,450, overhead $19,000. Equivalent units of production are materials 20,600 and conversion costs 19,500. Production records indicate that 18,400 units were transferred out, and 2,200 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to O decimal...
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,646, labor...
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,646, labor $39,200, and overhead $19,208. Equivalent units of production are materials 20,300 and conversion costs 19,600. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit $ 2.98 Conversion cost per unit $ 0.82 e Textbook and Media Save for Later Attempts: unlimited Submit Answer
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $15,900, labor...
Production costs chargeable to the Finishing Department in June
in Hollins Company are materials $15,900, labor $37,400, and
overhead $19,300. Equivalent units of production are materials
21,900 and conversion costs 19,000.
Compute the unit costs for materials and conversion costs.
1.) Materials cost per unit = .73 (correct)
2.) Conversion cost per unit = 3.82 (incorrect)
Brief Exercise 16-09 Production costs chargeable to the Finishing Department in June in Crane Company are materials $17,052, labor $22,965, overhead $19,000. Equivalent units of production are materials 20,300 and conversion costs 19,250. Production records indicate that 18,200 units were transferred out, and 2,100 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers...
Brief Exercise 16-09 Production costs chargeable to the Finishing Department in June in Crane Company are materials $17,052, labor $22,965, overhead $19,000. Equivalent units of production are materials 20,300 and conversion costs 19,250. Production records indicate that 18,200 units were transferred out, and 2,100 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers...
Brief Exercise 3-9 Production costs chargeable to the finishing Department in Pune in Hollins Company are materials $12,000, labor $29.500, overhead $18.000. Equivalent units of production are materials 20.000 a transferred out, and 2.000 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, ed. 2.25 and final answers to decimal places 125) Cost Reconciliation Transferred out Work in...
Production costs chargeable to the Finishing Department in June
in Hollins Company are materials $18,260, labor $39,728, overhead
$19,100. Equivalent units of production are materials 20,750 and
conversion costs 19,675. Production records indicate that 18,600
units were transferred out, and 2,150 units in ending work in
process were 50% complete as to conversion cost and 100% complete
as to materials.
Cost Reconciliation Cost accounted for Transferred out Work in process Materials Conversion costs Total cost accounted for
Production costs chargeable to the Finishing Department in June in Marigold Company are materials $16,800, labor $41,748, overhead $18,900. Equivalent units of production are materials 21,000 and conversion costs 19,950. Production records indicate that 18,900 units were transferred out, and 2,100 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal...
Production costs chargeable to the Finishing Department in June in Bramble Company are materials $14,626, labor $41,450, overhead $19,000. Equivalent units of production are materials 20,600 and conversion costs 19,500. Production records indicate that 18,400 units were transferred out, and 2,200 units in ending work in process were 50% complete as to conversion costs and 100% complete as to materials. Prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 2.25 and final answers to O decimal...
Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,646, labor $39,200, and overhead $19,208. Equivalent units of production are materials 20,300 and conversion costs 19,600. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit $ 2.98 Conversion cost per unit $ 0.82 e Textbook and Media Save for Later Attempts: unlimited Submit Answer
Production costs chargeable to the Finishing Department in June
in Hollins Company are materials $15,900, labor $37,400, and
overhead $19,300. Equivalent units of production are materials
21,900 and conversion costs 19,000.
Compute the unit costs for materials and conversion costs.
1.) Materials cost per unit = .73 (correct)
2.) Conversion cost per unit = 3.82 (incorrect)
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