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.


Related 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
ADVERTISEMENT