Question
In: Accounting
Mattel Corporation makes a product called Playdough. It uses three departments to make Playdough; Mixing, Melting,...
Mattel Corporation makes a product called Playdough. It uses
three departments to make Playdough;
Mixing, Melting, and Packaging. The following data concern the
operations of the Mixing department
for July, 2011.
Pounds in process at July 1
Pounds Started into Production during July
Pounds completed and transferred out to Melting
Pounds in Work in Process at July 31:
Pounds in Process at July 1:
Stage of completion materials
Stage of completion conversion
Pounds in Process at July 31:
Stage of completion materials
Stage of completion conversion
Costs in Beginning Work in Process at July 1:
Materials Cost
Conversion Cost
Costs added to Production in July:
Materials
Conversion
30,000
340,000
330,000
40,000
60%
20%
80%
30%
$64,800
$28,000
$369,600
$177,200
PREPARE A PRODUCTION REPORT FOR JULY FOR PLAYDOUGH.
Solutions
Expert Solution
The answer has been presenetd in the supporting sheet. For detailed answer refer to the supporting sheet.
ekkarill92 answered 2 years agoRelated Solutions
Gonzalez Tortilla Corporation produces tortillas in large batches and uses a process costing system. Three departments—Mixing,...
Gonzalez Tortilla Corporation produces tortillas in large
batches and uses a process costing system. Three
departments—Mixing, Rolling, and Packaging—are involved in the
production process. Gonzalez Tortilla has the following
transactions:
Direct materials totaling $25,000—$7,500 for the Mixing
department, $6,250 for the Rolling department, and $11,250 for the
Packaging department—are requisitioned and placed in
production.
Each production department incurs the following direct labor
costs (wages payable):
Mixing
$3,125
Rolling
$5,750
Packaging
$2,750
Manufacturing overhead costs are applied to each department as...
Intense Co. manufactures a product that uses two production departments. Units are begun in the Mixing...
Intense Co. manufactures a product that uses two production
departments. Units are begun in the Mixing Department and then
transferred to the Finishing Department.
Below is information related to Intense Co.’s Mixing Department
during the current period:
· The Mixing Department
began the period with 50,000 units of beginning inventory, costing
$225,000.
The $225,000 consisted of $90,000 of materials cost and $135,000
of conversion costs.
The units in beginning inventory were 40% complete with regard
to materials and 50% complete with...
Chemical Company produces a product in two departments: (1) Mixing and (2) Finishing. The company uses...
Chemical Company produces a product in two departments: (1)
Mixing and (2) Finishing. The company uses a process cost
accounting system.
(a) Purchased raw materials for $50,000 on account.
(b) Raw materials requisitioned for production were:
Direct materials
Mixing
department
$20,000
Finishing
department
14,000
(c) Incurred labor costs of $69,000.
(d) Factory labor used:
Mixing
department
$44,000
Finishing
department
25,000
(e) Manufacturing overhead is applied
to the product based on machine hours used in each...
Shum Manufacturing, which uses the high-low method, makes a product called Kwan. The company incurs three...
Shum Manufacturing, which uses the high-low method, makes a
product called Kwan. The company incurs three different cost types
(A, B, and C) and has a relevant range of operation between 2,500
units and 7,000 units per month. Per-unit costs at two different
activity levels for each cost type are presented below.
Type A
Type B
Type C
Total
5,000
units
$
23
$
66
$
23
$
112
7,500
units
23
44
22
89
If Shum produces 7,000 units,...
Shum Manufacturing, which uses the high-low method, makes a product called Kwan. The company incurs three...
Shum Manufacturing, which uses the high-low method, makes a
product called Kwan. The company incurs three different cost types
(A, B, and C) and has a relevant range of operation between 2,700
units and 12,000 units per month. Per-unit costs at two different
activity levels for each cost type are presented below.
Type A
Type B
Type C
Total
5,400
units
$
4
$
7
$
5
$
16
8,100
units
5
9
4
18
The cost formula that expresses...
Shum Manufacturing, which uses the high-low method, makes a product called Kwan. The company incurs three...
Shum Manufacturing, which uses the high-low method, makes a
product called Kwan. The company incurs three different cost types
(A, B, and C) and has a relevant range of operation between 2,500
units and 7,000 units per month. Per-unit costs at two different
activity levels for each cost type are presented below.
Type A
Type B
Type C
Total
5,000
units
$
23
$
66
$
23
$
112
7,500
units
23
44
22
89
If Shum produces 7,000 units,...
Shum Manufacturing, which uses the high-low method, makes a product called Kwan. The company incurs three...
Shum Manufacturing, which uses the high-low method, makes a
product called Kwan. The company incurs three different cost types
(A, B, and C) and has a relevant range of operation between 2,000
units and 15,000 units per month. Per-unit costs at two different
activity levels for each cost type are presented below.
Type A
Type B
Type C
Total
4,000
units
$
5
$
8
$
7
$
20
6,000
units
5
7
5
17
The cost formula that expresses...
Shum Manufacturing, which uses the high-low method, makes a product called Kwan. The company incurs three...
Shum Manufacturing, which uses the high-low method, makes a
product called Kwan. The company incurs three different cost types
(A, B, and C) and has a relevant range of operation between 2,500
units and 7,000 units per month. Per-unit costs at two different
activity levels for each cost type are presented below.
Type A
Type B
Type C
Total
5,000
units
$
16
$
45
$
16
$
77
6,500
units
16
30
15
61
If Shum produces 7,000 units,...
Mino Inc. manufactures chocolate syrup in three departments: Cooking, Mixing, and Bottling. Mino uses the weighted...
Mino Inc. manufactures
chocolate syrup in three departments: Cooking, Mixing, and
Bottling. Mino uses the weighted average method. The following are
cost and production data for the cooking department for April
(Note: Assume that units are measured in gallons.):
Production:
Units in process, April 1, 60% complete
32,000
Units completed and transferred out
40,000
Units in process, April 30, 20% complete
7,500
Costs:
WIP, April 1
$ 80,600
Costs added during April
131,050
Required:
Prepare a production
report for the...
3) Ego Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing,...
3) Ego Manufacturing produces a pesticide chemical and uses
process costing. There are three processing departments—Mixing,
Refining, and Packaging. On January 1, the Refining Department had
2,000 gallons of partially processed product in production. During
January, 33,000 gallons were transferred in from the Mixing
Department, and 29,000 gallons were completed and transferred out.
At the end of the month, there were 6,000 gallons of partially
processed product remaining in the Refining Department. See
additional details below.
Refining Department, beginning balance...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Consider the following network of a project consisting of 7 activities with a scheduled project duration...
- In 1941, President Roosevelt spoke about the “four freedoms.” For many in the country, however, these...
- Your friend is looking for investors in a risky business venture. To convince you to participate,...
- Suppose you observe the following situation: State of Economy Probability of State Return if State Occurs...
- Merger Analysis TransWorld Communications Inc., a large telecommunications company, is evaluating the possible acquisition of Georgia...
- Journal Entries and Trial Balance Elite Realty acts as an agent in buying, selling, renting, and...
- In racket Assume that the elements of a list are indexed starting with 1. Write a...
ADVERTISEMENT