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
$177,200
PREPARE A PRODUCTION REPORT FOR JULY FOR PLAYDOUGH.
Solutions
Expert Solution
The answer has been presenetd in the supporting sheet. For detailed answer refer to the supporting sheet.
ekkarill92 answered 1 year agoRelated Solutions
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Finishing
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Type A
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$
7
$
5
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18
The cost formula that expresses...
Shum Manufacturing, which uses the high-low method, makes a product called Kwan. The company incurs three...
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units and 7,000 units per month. Per-unit costs at two different
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Type A
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If Shum produces 7,000 units,...
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(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
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$
5
$
8
$
7
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20
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5
7
5
17
The cost formula that expresses...
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WIP, April 1
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