Homework Answers
| Total production costs | Direct materials | Conversion costs | |
| Completed and transferred out | 26550 | 15300 | 11250 |
| Work in process, ending | 4530 | 4080 | 450 |
| Total costs accounted for | 31080 | 19380 | 11700 |
| Workings: | |||
| Direct materials | Conversion costs | ||
| Units Completed | 450 | 450 | |
| Work in Process, April 30 | 120 | 18 | |
| Equivalent units | 570 | 468 | |
| Direct materials | Conversion costs | ||
| Work in Process, April 1 costs | 1530 | 156 | |
| Total costs added during April | 17850 | 11544 | |
| Total costs | 19380 | 11700 | |
| Divide by Equivalent units | 570 | 468 | |
| Cost per Equivalent unit | 34.00 | 25.00 | |
| Direct materials | Conversion costs | ||
| Completed and transferred out | 15300 | 11250 | |
| Work in process, ending | 4080 | 450 | |
| Direct materials | Conversion costs | ||
| Completed and transferred out | =450*34 | =450*25 | |
| Work in process, ending | =120*34 | =18*25 |
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of picture frames for large retailers. Every picture frame passes through two departmer uses on the assembly depar...
picture frames for large retailers. Every picture frame passes through two departm es on the assembly department....
picture frames for large retailers. Every picture frame passes through two departm es on the assembly department. The process-costing system at McKnight has a si Data Table Physical Units Direct Conversion (Frames) Materials Costs Work in process, April 1a Started during April 2017 Completed during April 2017 Work in process, April 30 Total costs added during April 2017 aDegree of completion: direct materials, 100 %; conversion costs, 40% Degree of completion: direct materials, 100 %; conversion costs, 15% 60 $1,530...
Marzolo Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through...
Marzolo Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments the assembly department and the finishing department. This problem focuses on the assembly department. The process costing system at Marlo has a single direct-cost category direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete Conversion costs are added evenly during the assembly department's process Martoloses the weighted average method of...
17-41 Weighted average method. Mcknight Handcraft is a manufacturer of picture frames for large department. This...
17-41 Weighted average method. Mcknight Handcraft is a manufacturer of picture frames for large department. This problem focuses on the assembly department. The process-costing system at McKnight Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. retailers. Every picture frame passes through two departments: the assembly department and the finishing Using Dos a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). McKnight uses...
Now summarize the total costs to account for. Total Direct Conversion Production Costs Materials Costs Total...
Now summarize the total costs to account for. Total Direct Conversion Production Costs Materials Costs Total costs to account for Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining 7 Clear All OCT 28 F6 FS F4 F3 of picture frames for large retailers. Every picture frame passes through two departments: the ass ses on the assembly department. The process-costing system at McKNight has a single direct-co saian aaalal Disatatariala...
just 17-42 1. Cohe Problem 17-41 using the FIFO method of process costing. method? Exnlain hriefly...
just 17-42
1. Cohe Problem 17-41 using the FIFO method of process costing. method? Exnlain hriefly 17.41 Weighted-average method. McKnight Handcraft is a manufacturer of picture frames for large tallers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at McKnight hes a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is...
Burleson Company manufactures car seats in its Denver plant. Each car seat passes through the assembly...
Burleson Company manufactures car seats in its Denver plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon for Burleson's process-costing system information.) Data for the assembly department for October 2017 are as follows: E: (Click the icon to view the assembly department data.) Read the requirements. Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column...
The assembly division of Fenton Watches, Inc. uses the FIFO method of process costing. Consider the...
The assembly division of Fenton Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017 EEB (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units Equivalent Units Physical Units Direct Conversion Flow of Productio Materials Costs Work in process, beginning Started during...
The assembly division of Cannett Watches, Inc. uses the weighted average method of process costing. Cons...
The assembly division of Cannett Watches, Inc. uses the weighted average method of process costing. Cons der the following data for the month of May 2017: BE: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units first, then calculate the equivalent units. Equivalent Units Physical Units Direct Materials Conversion Costs i X Data Table - Flow of Production...
% E17-26 (similar to) The assembly division of Canterbury Watches, Inc. uses the FIFO method of...
% E17-26 (similar to) The assembly division of Canterbury Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017: Click the icon to view the data) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Equivalent Units Data Table Physical Units Direct Materials Conversion Costs Flow of Production Work in process, beginning 500 Started during current period Physical Units (Watches)...
E17-26 (similar to) The assembly division of Cranberry Watches, Inc. uses the FIFO method of process...
E17-26 (similar to) The assembly division of Cranberry Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017: E: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units. Physical Units Flow of Production Work in process, beginning Started during current period To...
picture frames for large retailers. Every picture frame passes through two departm es on the assembly department. The process-costing system at McKnight has a si Data Table Physical Units Direct Conversion (Frames) Materials Costs Work in process, April 1a Started during April 2017 Completed during April 2017 Work in process, April 30 Total costs added during April 2017 aDegree of completion: direct materials, 100 %; conversion costs, 40% Degree of completion: direct materials, 100 %; conversion costs, 15% 60 $1,530...
Marzolo Handcraft is a manufacturer of picture frames for large retailers. Every picture frame passes through two departments the assembly department and the finishing department. This problem focuses on the assembly department. The process costing system at Marlo has a single direct-cost category direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is 10% complete Conversion costs are added evenly during the assembly department's process Martoloses the weighted average method of...
17-41 Weighted average method. Mcknight Handcraft is a manufacturer of picture frames for large department. This problem focuses on the assembly department. The process-costing system at McKnight Direct materials are added when the assembly department process is 10% complete. Conversion costs are added evenly during the assembly department's process. retailers. Every picture frame passes through two departments: the assembly department and the finishing Using Dos a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). McKnight uses...
Now summarize the total costs to account for. Total Direct Conversion Production Costs Materials Costs Total costs to account for Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining 7 Clear All OCT 28 F6 FS F4 F3 of picture frames for large retailers. Every picture frame passes through two departments: the ass ses on the assembly department. The process-costing system at McKNight has a single direct-co saian aaalal Disatatariala...
just 17-42
1. Cohe Problem 17-41 using the FIFO method of process costing. method? Exnlain hriefly 17.41 Weighted-average method. McKnight Handcraft is a manufacturer of picture frames for large tallers. Every picture frame passes through two departments: the assembly department and the finishing department. This problem focuses on the assembly department. The process-costing system at McKnight hes a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added when the assembly department process is...
Burleson Company manufactures car seats in its Denver plant. Each car seat passes through the assembly department and the testing department. This problem focuses on the assembly department. (Click the icon for Burleson's process-costing system information.) Data for the assembly department for October 2017 are as follows: E: (Click the icon to view the assembly department data.) Read the requirements. Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column...
The assembly division of Fenton Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017 EEB (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units Equivalent Units Physical Units Direct Conversion Flow of Productio Materials Costs Work in process, beginning Started during...
The assembly division of Cannett Watches, Inc. uses the weighted average method of process costing. Cons der the following data for the month of May 2017: BE: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units first, then calculate the equivalent units. Equivalent Units Physical Units Direct Materials Conversion Costs i X Data Table - Flow of Production...
% E17-26 (similar to) The assembly division of Canterbury Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017: Click the icon to view the data) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Equivalent Units Data Table Physical Units Direct Materials Conversion Costs Flow of Production Work in process, beginning 500 Started during current period Physical Units (Watches)...
E17-26 (similar to) The assembly division of Cranberry Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017: E: (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units. Physical Units Flow of Production Work in process, beginning Started during current period To...
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