Process Cost System. Using Process Costing For Decision Making. (The Cost of Energy Used.)
Process Cost System. Using Process Costing For Decision Making. (The Cost of Energy Used.)
The cost of Energy Consumed in Dept. 2 of the Sirap Co. for the Months of October and November is as follows: For October $8400 and November $7400. The number of Equivalent units produced for October 140000 and November 148000. Calculate the cost of Energy for each month. And make a comment on the cost of energy usage between the Two Months. Cost per Unit Oct. _______ Nov. _______
Homework Answers
Add Answer to:
Process Cost System. Using Process Costing For Decision Making. (The Cost of Energy Used.)
Using Process Costs For Decision Making The costs of energy consumed in producing good units in...
Using Process Costs For Decision Making The costs of energy consumed in producing good units in the Baking Department of Pan Company were $41,123 and $42,636 for June and July, respectively. The number of equivalent units produced in June and July was 69,700 pounds, and 74,800 pounds, respectively. Evaluate the change in the cost of energy between the two months. Round all answers to the nearest whole cent. Energy cost per pound, June $ Energy cost per pound, July $...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $1.45 and $0.95, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion 0 Inventory in process, October 1 Started and completed during October Transferred out of Rolling (completed) Inventory in process, October 31 5,600 70,000 70,000 70,000 6,000 75,600 2,400 78,000 Total units to...
urnt Ham Company uses the weighted-average method in its process costing system. The Curing Department of...
urnt Ham Company uses the weighted-average method in its process costing system. The Curing Department of Burnt Ham Company reported the following information for the month of November: Beginning work in process: 30% complete for materials, and 80% complete for conversion. Ending work in process: 40% complete for materials, and 70% complete for conversion. Cost Summary Materials Conversion Work in process, November 1 $ 34,500( Materials ) $ 48,600 (conversion ) Added during November $146,000 (material ), $194,400 (conversion). Units...
Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum,...
Pittsburgh Aluminum Company uses a process cost system to record
the costs of manufacturing rolled aluminum, which consists of the
smelting and rolling processes. Materials are entered from smelting
at the beginning of the rolling process. The inventory of Work in
Process—Rolling on September 1 and debits to the account during
September were as follows:
Bal., 800 units, 30% completed:
Direct materials (800 x $ 3.8)
$ 3,040
Conversion (800 x 30% x $1.6)
384
$ 3,424
From Smelting Department,...
Chapter 16 Process Costing and Analysis A production department in a process manufacturing system complete...
Chapter 16 Process Costing and Analysis A production department in a process manufacturing system completed its work on 80,000 units of product and transferred them to the next department during a recent period. Of these units, 24,000 were in process W at the beginning of the period. The other 56,000 units were started and completed during the period. At C period-end, 16,000 units were in process. Compute the production department's equivalent units of produc- C tion for direct materials under...
Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum,...
Pittsburgh Aluminum Company uses a process cost system to record the costs of manufacturing rolled aluminum, which consists of the smelting and rolling processes. Materials are entered from smelting at the beginning of the rolling process. The inventory of Work in Process—Rolling on September 1 and debits to the account during September were as follows: Bal., 800 units, 80% completed: Direct materials (800 x $4.6) $ 3,680 Conversion (800 x 80% x $1.9) 1,216 $ 4,896 From Smelting Department, 18,480...
2. Assurer, Inc. used the weighted-average method in its process costing system. At the beginning of...
2. Assurer, Inc. used the weighted-average method in its process costing system. At the beginning of July, Assurer, Inc had the following Beginning Balances in its Accounts: Raw Materials $ 4,200 WIP Department #1 DM $ 800 DL 1,200 FOH 900 WIP Department #2 DM $ 3,900 DL 1,800 POH 2,000 All materials are added at the beginning of each process in each department. There were 6,000 units in the beginning WIP for Department #1 and 1,200 units in Department...
Prepare the roasting department's process cost summary for October using the FIFO method.
Dengo Co. makes a trail mix in two departments: roasting and blending. Direct materials are added at the beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO method of process costing. During October, the roasting department completed and transferred 25,200 units to the blending department. Of the units completed, 4,500 were from beginning inventory and the remaining 20,700 were started and completed during the month. Beginning work in process was 100%...
Required information Problem 16-7AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4,...
Required information Problem 16-7AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4, P4 [The following information applies to the questions displayed below.) Dengo Co. makes a trail mix in two departments: roasting and blending. Direct materials are added at the beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO method of process costing. During October, the roasting department completed and transferred 22,200 units to the blending department...
Superior Micro Products uses the weighted average method in its process costing system. During January, the...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,800 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $738,588 in total. The ending work in process inventory in January consisted of 3,600 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $1.45 and $0.95, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion 0 Inventory in process, October 1 Started and completed during October Transferred out of Rolling (completed) Inventory in process, October 31 5,600 70,000 70,000 70,000 6,000 75,600 2,400 78,000 Total units to...
Pittsburgh Aluminum Company uses a process cost system to record
the costs of manufacturing rolled aluminum, which consists of the
smelting and rolling processes. Materials are entered from smelting
at the beginning of the rolling process. The inventory of Work in
Process—Rolling on September 1 and debits to the account during
September were as follows:
Bal., 800 units, 30% completed:
Direct materials (800 x $ 3.8)
$ 3,040
Conversion (800 x 30% x $1.6)
384
$ 3,424
From Smelting Department,...
Chapter 16 Process Costing and Analysis A production department in a process manufacturing system completed its work on 80,000 units of product and transferred them to the next department during a recent period. Of these units, 24,000 were in process W at the beginning of the period. The other 56,000 units were started and completed during the period. At C period-end, 16,000 units were in process. Compute the production department's equivalent units of produc- C tion for direct materials under...
2. Assurer, Inc. used the weighted-average method in its process costing system. At the beginning of July, Assurer, Inc had the following Beginning Balances in its Accounts: Raw Materials $ 4,200 WIP Department #1 DM $ 800 DL 1,200 FOH 900 WIP Department #2 DM $ 3,900 DL 1,800 POH 2,000 All materials are added at the beginning of each process in each department. There were 6,000 units in the beginning WIP for Department #1 and 1,200 units in Department...
Required information Problem 16-7AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4, P4 [The following information applies to the questions displayed below.) Dengo Co. makes a trail mix in two departments: roasting and blending. Direct materials are added at the beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO method of process costing. During October, the roasting department completed and transferred 22,200 units to the blending department...
Superior Micro Products uses the weighted average method in its process costing system. During January, the Delta Assembly Department completed its processing of 26,800 units and transferred them to the next department. The cost of beginning work in process inventory and the costs added during January amounted to $738,588 in total. The ending work in process inventory in January consisted of 3,600 units, which were 70% complete with respect to materials and 50% complete with respect to labor and overhead....
Most questions answered within 3 hours.
-
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 1 hour ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 2 hours ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 4 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 4 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 4 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 4 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 5 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 5 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 9 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 9 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 9 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 10 hours ago