Question
In: Accounting
Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,300 units, 1/10 complete...
|
Manufacturing Costs |
Production Data |
||||||||
| Beginning work in process | Beginning work in process | 15,300 | units, 1/10 complete | ||||||
| Materials | $17,500 | Units transferred out | 54,500 | ||||||
| Conversion costs | 14,160 | $31,660 | Units started | 50,800 | |||||
| Materials | 227,731 | Ending work in process | 11,600 | units, 1/5 complete | |||||
| Labor | 67,200 | ||||||||
| Overhead | 80,577 | ||||||||
Exercise 3-13 The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,300 units, 1/10 complete Materials $17,500 Units transferred out 54,500 Conversion costs 14,160 $31,660 Units started 50,800 Materials 227,731 Ending work in process 11,600 units, 1/5 complete Labor 67,200 Overhead 80,577 Prepare a production cost report for the Welding Department for the month of February.
Solutions
ekkarill92 answered 10 months agoRelated Solutions
10. If 151200 units are started into production there was no beginning work in process, and...
10. If 151200 units are started into production there was no
beginning work in process, and 49600 units are in process at the
end of the period, how many units were completed and transferred
out?
200800.
49600.
151200.
101600.
11.Marigold Corp. reported the following year-end
information:
Beginning work in process
inventory
$ 52000
Beginning raw materials
inventory
28000
Ending work in process
inventory
50000
Ending raw materials inventory
25000
Raw materials purchased
860000
Direct labor
440000
Manufacturing overhead
100000
How...
Chicotti Company has 3,000 units in beginning work in process, 30% complete as to conversion costs,...
Chicotti Company has 3,000 units in beginning work in process,
30% complete as to conversion costs, 26,000 units transferred out
to finished goods, and 2,000 units in ending work in process 65%
complete as to conversion costs. The beginning and ending inventory
is fully complete as to materials costs. How much are equivalent
units for conversion costs if the weighted-average method is
used?
a.
25,200
b.
27,300
c.
23,000
d.
24,300
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
Tomlinson uses the FIFO method to calculate equivalent
units. Determine the costs to be assigned to the units transferred
out and the units in ending Work in Process.
Mora Company has the following production data for March: no beginning work in process, 28,600 units...
Mora Company has the following production data for March: no
beginning work in process, 28,600 units started and completed, and
4,700 units in ending work in process that are 100% complete for
materials and 40% complete for conversion costs. Mora uses the FIFO
method to calculate equivalent units. Unit materials cost is $6 and
unit conversion cost is $12. The total costs to be assigned are
$565,560. Prepare the cost section of the production cost report
for Mora Company.
9.If 149100 units are started into production there was no beginning work in process, and 49500...
9.If 149100 units are started into production there was no
beginning work in process, and 49500 units are in process at the
end of the period, how many units were completed and transferred
out?
198600.
49500.
149100.
99600.
10. If 151200 units are started into production there was no
beginning work in process, and 49600 units are in process at the
end of the period, how many units were completed and transferred
out?
200800.
49600.
151200.
101600.
11.
Marigold Corp....
On June 1, Vernon Company had a beginning work-in-process inventory of 20,000 units 100% complete as...
On June 1, Vernon Company had a beginning
work-in-process inventory of
20,000 units 100% complete as to materials and 60% as to
Direct Labour [DL], and Manufacturing Overhead[MOH].
These units contained $60,000 of direct materials and
$50,000 of direct labour cost and an appropriate amount of overhead
applied.
Manufacturing Overhead [MOH],
is applied at the rate of 75% of direct labour cost.
Vernon
uses a weighted-average process-costing system. All raw material is
added at the start of the manufacturing process;...
On June 1, Vernon Company had a beginning work-in-process inventory of 20,000 units 100% complete as...
On June 1, Vernon Company had a beginning
work-in-process inventory of
20,000 units 100% complete as to materials and 60% as to
Direct Labour [DL], and Manufacturing Overhead[MOH].
These units contained $60,000 of direct materials and
$50,000 of direct labour cost and an appropriate amount of overhead
applied.
Manufacturing Overhead [MOH],
is applied at the rate of 75% of direct labour cost.
Vernon
uses a weighted-average process-costing system. All raw material is
added at the start of the manufacturing process;...
Production units: Opening inventory: Work in Process 4 000 (Material 100% complete; conversion 80% complete) Units...
Production units: Opening inventory: Work in Process 4 000
(Material 100% complete; conversion 80% complete) Units received
from previous process A 18 000 Units completed and transferred to
process C 20 000 Closing inventory 2 000 (Material 100% complete;
conversion 40% complete)
Production costs: Opening inventory: 129 500 Costs from previous
process 75 100 Material 29 200 Conversion 25 200 Costs incurred in
current period: 403 956 Transferred from previous process 260 100
Material 90 000 Conversion 53 856 TOTAL...
Production data: Units (gallons) in process, April 1: materials 100% complete; labor and overhead 60% complete...
Production data:
Units (gallons) in process, April 1: materials 100%
complete;
labor and overhead 60% complete . . . . . . . . . . . . . . . .
. . . . . . . . . . . . 30,000
Units (gallons) started into production during April . . . . . .
. . . . . . . . . . . . 4 20,000
Units (gallons) completed and transferred to the Finishing...
Overton Company has gathered the following information: Production: Units in beginning work in process 20,000 Units...
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
Instructions:
to. Calculate the equivalent units of production for the
material and the conversion costs.
b. Determine the unit cost of production.
C. Show the allocation of costs to the units...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Venture Capital Financing is a type of funding which assemblies cash from investors and lend it...
- Apply the quality gaps model to the Uber service. Which quality gaps do you see as...
- Why is it important to consider the consequences of taxes when financing a new project? Can...
- Objective: Learning linked list. Problem Specification: An employer would like to maintain a linked list...
- In C++, develop a menu program which reads in data from 4 different input files -...
- with C# create a console application project that outputs the number of bytes in memory that...
- 41. Meyer's Grocery signed a contract to build a store in Richmond, Kentucky. Soon afterward, Meyer's...
ADVERTISEMENT