Homework Answers
Answer
- Physical units to account for
= Units in beginning inventory + Units transferred In
= 14000 + 47000
= 61,000 units - Correct Answer = Option ‘C’ 61,000
Add Answer to:
Freddie Company adds direct materials at the beginning of the process and adds conversion costs throughout the...
Freddie Company adds direct materials at the beginning of the process and adds conversion costs throughout...
Freddie Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Department follows: WIP, April 1 12 comma 00012,000 units Transferredminus−in costs in WIP, April 1 $79,940 Direct materials (100%) in WIP, April 1 $24,420 Conversion costs (7070%) in WIP, April 1 $23,400 Units transferredminus−in 51 comma 00051,000 Transferredminus−in costs during April $550,900 Units completed 43 comma 00043,000 April direct materials cost $155,500 April conversion costs $239,250 WIP, April...
1. Freddie Company adds direct materials at the beginning of the process and adds conversion costs...
1. Freddie Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. Data for the Finishing Departmentfollows: WIP, April 1 11,000 units Transferred−in costs in WIP, April 1 $79,940 Direct materials (100%) in WIP, April 1 $24,420 Conversion costs (70%) in WIP, April 1 $27,400 Units transferred−in 52,000 Transferred−in costs during April $550,900 Units completed 41,000 April direct materials cost $155,500 April conversion costs $241,250 WIP, April 30 22,000 units (100% for materials...
Question 1 parts ABC A company manufactures mirrors. Last month's costs were: Direct materials $90,000 Direct...
Question 1 parts ABC A company manufactures mirrors. Last month's costs were: Direct materials $90,000 Direct labor 140,000 Manufacturing Overhead 164,000 What were the conversion costs for the month? A.$230,000 B.$304,000 C.$90,000 D.$394,000 The journal entry a company would make under process costing to transfer direct materials into the Assembly Department would be A.Finished Goods Inventory XXX Work in Process Inventory−Assembly XXX B.Work in Process Inventory - Assembly XXX Raw Materials Inventory XXX C.Finished Goods Inventory XXX Raw Materials Inventory ...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 28,200 units 123,500 units 106,700 units 45,000 units $35,000 $22,500 $384,100 $271,125 What are the total equivalent units for direct materials? OA. 134,900 OB. 133,700...
A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout...
A department adds materials at the beginning of the process and
incurs conversion costs uniformly throughout the process. For the
month of May, there was no beginning Work in Process; 45300 units
were completed and transferred out; and there were 14400 units in
the ending Work in Process that were 10% complete. During May,
$95520 materials costs and $70110 conversion costs were charged to
the department. How much are unit production costs for materials
and conversion costs for May if...
1. calculate the cost per equivalent unit for direct materials and conversion costs using the fifo...
1. calculate the cost per equivalent unit for direct materials
and conversion costs using the fifo way.
Sunny's produces sunglasses in a single department production. Direct materials are added at the start of the process. Conversion costs are added evenly during the process. Conversion costs are 70% complete for beginning WIP and 50% for ending WIP. The company uses FIFO method of process costing. The following information for April 2019 is available. Physical Equivalent Units Direct Conversion Materials Costs 20,000...
At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs...
At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (70% for conversion) Units started Units completed and transferred out WIP ending (50% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 152,000 units 119,000 units 56,200 units $44,500 $25,200 $442,100 $260,000 What is the cost per equivalent unit for direct materials? O A. $3.31...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) $35,000 $28,250 $393,100 $271,125 22,200 units 128,500 units 109,700 units 41,000 units What is the total cost of units completed and transferred out? (Round intermediate...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 128,500 units 108,700 units 43,000 units $37,000 $23,500 $385,100 $271,125 What is the total cost of units completed and transferred out? (Round intermediate...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) $32,000 $32,000 $384,100 $387,100 28,200 units 129,500 units 108,700 units 49,000 units What is the cost per equivalent unit for conversion costs? O A. $2.66...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 28,200 units 123,500 units 106,700 units 45,000 units $35,000 $22,500 $384,100 $271,125 What are the total equivalent units for direct materials? OA. 134,900 OB. 133,700...
A department adds materials at the beginning of the process and
incurs conversion costs uniformly throughout the process. For the
month of May, there was no beginning Work in Process; 45300 units
were completed and transferred out; and there were 14400 units in
the ending Work in Process that were 10% complete. During May,
$95520 materials costs and $70110 conversion costs were charged to
the department. How much are unit production costs for materials
and conversion costs for May if...
1. calculate the cost per equivalent unit for direct materials
and conversion costs using the fifo way.
Sunny's produces sunglasses in a single department production. Direct materials are added at the start of the process. Conversion costs are added evenly during the process. Conversion costs are 70% complete for beginning WIP and 50% for ending WIP. The company uses FIFO method of process costing. The following information for April 2019 is available. Physical Equivalent Units Direct Conversion Materials Costs 20,000...
At Onyx Incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (70% for conversion) Units started Units completed and transferred out WIP ending (50% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 152,000 units 119,000 units 56,200 units $44,500 $25,200 $442,100 $260,000 What is the cost per equivalent unit for direct materials? O A. $3.31...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) $35,000 $28,250 $393,100 $271,125 22,200 units 128,500 units 109,700 units 41,000 units What is the total cost of units completed and transferred out? (Round intermediate...
At Trapeze Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added 23,200 units 128,500 units 108,700 units 43,000 units $37,000 $23,500 $385,100 $271,125 What is the total cost of units completed and transferred out? (Round intermediate...
At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials Beginning WIP conversion costs Costs of materials added Costs of conversion added WIP beginning (50% for conversion) Units started Units completed and transferred out WIP ending (60% for conversion) $32,000 $32,000 $384,100 $387,100 28,200 units 129,500 units 108,700 units 49,000 units What is the cost per equivalent unit for conversion costs? O A. $2.66...
Most questions answered within 3 hours.
-
Oxidative phosphorylation is achieved through chemiosmotic
coupling, which turns chemical energy into osmotic potential energy
that...
asked 18 minutes ago -
Hollywood Shoes would like to maintain their cash account at a
minimum level of $64,000, but...
asked 17 minutes ago -
Proteins CtrA-P, DnaA, and GcrA behave similarly to what
molecule in the Eukaryotic Cell Cycle?
asked 20 minutes ago -
TRUE OR FALSE
In case of a competitive tender procedure, in the request for
quotation, the...
asked 29 minutes ago -
I am a little behind please provide some explanation, will
provide thumbs up.
This question considers...
asked 31 minutes ago -
Let say the utility function as U(X,Y) = lnX + Y. Show that the
marginal rate...
asked 36 minutes ago -
A current of I=8.0A is flowing in a typical extension cord of
length L=3.00m. The cord...
asked 39 minutes ago -
1. When balancing the equation H2SO4 (aq) + NaOH (aq) →
Na2SO4(aq) + H2O(aq), would you...
asked 1 hour ago -
Provide a definition of “classification hierarchy” and
illustrate your definition with an example of how and...
asked 54 minutes ago -
1. Describe the four main green solvents. Provide one example of
the use of each solvent....
asked 58 minutes ago -
International ethics focus on:
1) exploitation of labor
2)corruption
3) environmental impact
4) none of the...
asked 1 hour ago -
Costing Models You work for XYZ trucking and your boss has asked
you to figure out...
asked 1 hour ago