Homework Answers
| Statement of Equivalent Production | |||||
| Particulars | Units Produced | Equivalent Units on which Material Cost incurred in Month | Equivalent Units on which Conversion Cost incurred in Month | ||
| Opeining WIP | 0 | Opening | 0 | ||
| Current Introduce | 22000 | ||||
| Transferred Out(Given) | 20000 | 20000 | 20000 | ||
| Closing WIP(Mat 100%, Conversion 50%) | 2000 | 2000 | 1000 | ||
| Equivalent Units Produced | 22000 | 21000 | |||
| Statement of Cost/Unit | |||||
| Material | Conversion | ||||
| Opening Cost | 0 | 0 | |||
| Current Cost | 12000 | 47500 | |||
| Units | 22000 | 21000 | |||
| Cost/Unit | 0.55 | 2.26 | |||
| Quantites | Physical Units | Equivalent Units(Materials) | Equivalent Units(Conversion) | ||
| Units to be accounted for | |||||
| WIP-Begin | 0 | ||||
| Started into production | 22000 | ||||
| Total Units | 22000 | ||||
| Units to be accounted for | |||||
| Transferred Out | 20000 | 20000 | 20000 | ||
| WIP-End | 2000 | 2000 | 1000 | ||
| Total Units | 22000 | 22000 | 21000 | ||
| Costs | Material | Conversion Cost | Total | ||
| WIP-Begin | 0 | 0 | 0 | ||
| Started into production | 12000 | 47500 | 59500 | ||
| Total Cost | 12000 | 47500 | 59500 | ||
| Equivalent Units | 22000 | 21000 | |||
| Unit Cost | 0.55 | 2.26 | |||
| Cost Reconciliation Schedule | Units | Material | Conversion Cost | Total | |
| Cost Accounted For | |||||
| Transferred Out | 20000 | 10909 | 45238 | 56147 | |
| WIP-End | |||||
| Materials | 2000 | 1091 | |||
| Conversion Cost | 1000 | 2262 | |||
| Total WIP Cost | 3353 | ||||
| Total | 12000 | 47500 | 59500 | ||
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Brief Exercise 3-9 Production costs chargeable to the finishing Department in Pune in Hollins Company are...
Brief Exercise 16-9 Production costs chargeable to the Finishing Department in June in Hollins Company are...
Brief Exercise 16-9 Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,516, labor $21,591, overhead $19,700. Equivalent units of production are materials 20,390 and conversion costs 19,295. Production records indicate that 18,200 units were transferred out, and 2,190 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 and final answers...
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...
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 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.
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...
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 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 16-9 Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,516, labor $21,591, overhead $19,700. Equivalent units of production are materials 20,390 and conversion costs 19,295. Production records indicate that 18,200 units were transferred out, and 2,190 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 and final answers...
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
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...
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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