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In: Accounting
Baden Company has gathered the following information. Units in beginning work in process 0 Units started...
Baden Company has gathered the following information. Units in beginning work in process 0 Units started into production 43,900 Units in ending work in process 8,500 Percent complete in ending work in process: Conversion costs 40 % Materials 100 % Costs incurred: Direct materials $80,500 Direct labor $68,700 Overhead $103,800
Solutions
Expert Solution
| Calculation of equivalent units of production | ||
| Materials | Conversion | |
| Beginning work in Process | - | - |
| Unit Started in Production | 43,900.00 | 43,900.00 |
| Units in Ending work in Process | 8,500.00 | 8,500.00 |
| No. of units completed and transferred out | 35,400.00 | 35,400.00 |
| Percentage completion | 100% | 40% |
| Percentage to Ending Work in Process | 8,500.00 | 3,400.00 |
| Total equivalent units in production | 43,900.00 | 38,800.00 |
Unit cost of Direct materials= 80,500/43,900
1.83 Per unit
Unit cost of Conversion = (68,700+103,800)/38,800
=4.45 Per unit
ekkarill92 answered 7 months agoRelated Solutions
Baden Company has gathered the following information. Units in beginning work in process 0 Units started...
Baden Company has gathered the following information.
Units in beginning work in process
0
Units started into production
40,100
Units in ending work in process
8,000
Percent complete in ending work in process:
Conversion costs
40
%
Materials
100
%
Costs incurred:
Direct materials
$80,200
Direct labor
$61,900
Overhead
$109,305
Part 1
Compute equivalent units of production for materials and for
conversion costs.
Materials
Conversion Costs
The equivalent units of production
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Baden Company has gathered the following information. Units in beginning work in process 0 Units started...
Baden Company has gathered the following information.
Units in beginning work in process
0
Units started into production
37,000
Units in ending work in process
7,200
Percent complete in ending work in process:
Conversion costs
40
%
Materials
100
%
Costs incurred:
Direct materials
$ 83,250
Direct labor
$ 65,200
Overhead
$ 109,638
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Compute equivalent units of production for materials and for
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Units in beginning work in process
0
Units started into production
37,300
Units in ending work in process
8,200
Percent complete in ending work in process:
Conversion costs
40
%
Materials
100
%
Costs incurred:
Direct materials
$78,330
Direct labor
$66,500
Overhead
$105,114
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information. Units in beginning work in process 0 Units started
into production 43,600 Units in ending work in process 7,000
Percent complete in ending work in process: Conversion costs 40 %
Materials 100 % Costs incurred: Direct materials $82,840 Direct
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Overton Company has gathered the following information:
Production:
Units in beginning work in process 20,000
Units started into production 164,000
Units in ending work in process 24,000
Percentage complete in ending work in process:
Conversion costs 60%
Materials 100%
Costs:
Direct materials $ 101,200
Direct labor 164,800
Overhead 184,000
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Tomlinson Company has the following production data for May: · Beginning Work in Process, 0 units · Units...
Tomlinson Company has the following production data for May:
· Beginning Work in Process, 0 units
· Units started, 94,000
· Ending Work in Process, 17,000 units that are 100%
complete for materials and 50% complete for conversion costs
· Unit materials cost, $6
· Unit conversion cost, $12
· Total costs to be assigned, $618,000
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Litres
Costs
Beginning work in process inventory
0
litres
Beginning work in process inventory
$0
Started production
14,300
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Retort in November
13,600
litres
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4,000
Ending work in process inventory
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5,440
(60% of the way through the
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11,200
mixing process)
700
litres
Manufacturing overhead
9,830
Total costs
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1.
Fill in the time line for the Mixing Department.
2.
Use
the time...
Define each of the following terms: Units in beginning work in process inventory Units started and...
Define each of the following terms:
Units in beginning work in process
inventory
Units started and completed during the monthly time
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Units in ending work in process at the end of the
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Define equivalent units of production.
Why do we need separate calculations for Direct
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In a manufacturing process define Yield
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current month:
Units started
100,000
units
Beginning Work in Process: (35% complete)
20,000
units
Normal spoilage (discrete)
3,500
units
Abnormal spoilage
5,000
units
Ending Work in Process: (70% complete)
14,500
units
Transferred out
97,000
units
Beginning Work in Process Costs:
Material
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Conversion
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All materials are added at the start of the production process.
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Refer to Painter Corporation. What are...
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Beginning raw materials
inventory
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Ending work in process
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50000
Ending raw materials inventory
25000
Raw materials purchased
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Direct labor
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Manufacturing overhead
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