Question
In: Accounting
The following amounts were selected from the production report of Chandelier Limited: Actual units in production...
The following amounts were selected from the production report of Chandelier Limited: Actual units in production 42 000 Equivalent units (materials) 42 000 Equivalent units (conversion cost) 39 000 Cost per equivalent unit (materials) R1.10 Cost per equivalent unit (conversion cost) R0.90
Chandelier Limited uses the weighted average method in preparing its production reports. Chandelier Limited's total production cost to be accounted for is: (2) a. R81 300 b. R84 000 c. R89 100 d. R72 900
Solutions
Expert Solution
Total production cost to be accounted for is: a. R81 300
| Material | Conversion cost | Total | |
| Equivalents units (a) | 42,000 | 39,000 | |
| Cost per equivalent unit (b) | 1.10 | 0.90 | |
| Total production cost to be accounted for (a x b) | 46,200 | 35,100 | 81,300 |
ekkarill92 answered 1 year agoRelated Solutions
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VOH
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Variable costs of production:
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3 pounds @ $0.60 per pound
Direct labor
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VOH
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FOH:
Materials handling
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Depreciation
$2,600
At the end of the year, Bowling had the following actual costs
for production of 3,800 units:
Direct materials
$6,800
Direct labor
30,500
VOH
4,200
FOH:
Materials handling
6,300
Depreciation
$2,600
Required:
1....
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Performance Report Based on Budgeted and Actual Levels of
Production
Bowling Company budgeted the following amounts:
Variable costs of production:
Direct materials
3 pounds @ $0.60 per pound
Direct labor
0.5 hr. @ $16.00 per hour
VOH
0.5 hr. @ $2.20
FOH:
Materials handling
$6,200
Depreciation
$2,600
At the end of the year, Bowling had the following actual costs
for production of 3,800 units:
Direct materials
$6,800
Direct labor
30,500
VOH
4,200
FOH:
Materials handling
6,300
Depreciation
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Required:
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Direct materials
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Direct labor
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VOH
0.5 hr. @ $2.20
FOH:
Materials handling
$6,200
Depreciation
$2,600
At the end of the year, Bowling had the following actual costs
for production of 3,800 units:
Direct materials
$6,800
Direct labor
30,500
VOH
4,200
FOH:
Materials handling
6,300
Depreciation
$2,600
Required:
1....
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