A production department within a company received materials of $10,000 and conversion costs of $8,000 from the prior department. It added material of $36,500 and conversion costs of $70,750. The equivalent units are 25,000 for material and 22,500 for conversion. What is the unit cost for materials and conversion? When required, round final answers to two decimal places. Unit Cost Materials Conversion
Q: The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is…
A: Calculate direct material cost per equivalent unit.
Q: A company has 3,567 units in ending work in process that are 68% complete after transferring out…
A: Formula: Cost of units transferred = Units transferred x Total cost per unit Multiplying total cost…
Q: For Atok Corp, materials are added at the start of the process in Department B. Units received from…
A: Definition: Inventory represents the amount of goods purchased by a manufacturing firm to resell to…
Q: The Converting Department of Worley Company had 680 units in work in process at the beginning of the…
A: Working: Conversion Equivalent Units Inventory in Process - Begining =680 units*(100%-40%)…
Q: Hollins Company uses the FIFO method to compute equivalent units. It has 2,000 units in beginning…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: Department M had 2,000 units 40% completed in process at the beginning of June, 12,000 units…
A: Working Notes: 1. Reconciliation of Units (FIFO): Total Units % of…
Q: For Sablan Corp, materials are added at the start of the process in Department B. Units received…
A: When we identify normal loss at the end of the production process, the cost of loss units is charged…
Q: The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is…
A: Determine the direct materials cost per equivalent unit.
Q: The cost of direct materials transferred into the Filling Department of Ivy Cosmetics Company is…
A: Given that, Cost of direct materials=$43200 Conversion cost= $16,725 Direct material unit= 72000…
Q: For Attarsik Corp, materials are added at the start of the process in Department B. Units received…
A: The work in process cost includes only the goods that are not complete. The normal loss is adjusted…
Q: The cost of direct materials transferred into the Filling Department of Ivy Cosmetics Company is…
A: Total Equivalent units=Direct material units+Conversion cost=72,000+66,900=138,900
Q: Trek Company has the following production date for April: units transferred out 41600, and ending…
A: Conversion costs is the sum of direct labour cost and the overhead costs. Conversion Cost can also…
Q: The cost of direct materials transferred into the Filling Department of Ivy Cosmetics Company is…
A: Formula: Direct material Cost per equivalent unit = Total cost of direct materials transferred /…
Q: The Converting Department of Worley Company had 840 units in work in process at the beginning of the…
A: Beginning Conversion units in process = Whole units x (1 - 40%) = 840 units x (1 - 40%) = 504 units…
Q: Department W had 2,940 units, one-third completed at the beginning of the period; 13,800 units were…
A: Formula: Total Number of units = Beginning Units + Units started and completed + Ending work in…
Q: For Tuba Corp, materials are added at the start of the process in Department B. Units received from…
A: Normal loss: When processing raw materials into final goods, there would be some lost units in…
Q: For Sablan Corp, materials are added at the start of the process in Department B. Units received…
A: Department A Cost = P 11.10 Department B Cost Material = P1 Conversion Cost = P1.22 Material is…
Q: - production department within a company received materials of $10,000 and conversion costs of…
A: The unit cost seems to be the sum of money that costs a business to create one item.
Q: Pierce & Company provides the following information concerning the work in process at its plant:…
A: Process costing is a method of cost accounting, which is used where there is continuous production…
Q: A production department within a company received materials of $12,000 and conversion costs of…
A: Please find the answers to the above questions below:
Q: Department GX had 4,000 units in Work in Process that were 40% completed at the beginning of the…
A: Conversion costs are those costs which are required for a manufacturing business to be incurred to…
Q: Department W had 2,820 units, one-third completed at the beginning of the period; 12,100 units were…
A: Answer for first question:
Q: Calculate unit cost with respect to all component of costs (Hint: material and conversion)?
A: First we need to calculate equivalent production, then we find unit production cost for material…
Q: Department S had 600 units 69% completed in process at the beginning of the period, 8,300 units…
A: No. of units started and completed = No. of units completed - Beginning units in process = 8300 -…
Q: n the manufacture of 9,600 units of a product, direct materials cost incurred was $170,200, direct…
A: Conversion cost are the expenses incurred when converting raw material into finished product. Thus…
Q: At the beginning of the period, there were 1,000 units in process that were 40% complete as to…
A: Formula: Equivalent units of materials = ( started and completed units x 100 % ) + ( Ending…
Q: The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water…
A: Given cost of direct materials transferred is $920,500 Total equivalent units for direct materials…
Q: еBok Mazomanie Farm completed 23,000 units during the quarter and has 2,600 units still in process.…
A: The equivalent units are calculated on the basis of percentage of the work completed during the…
Q: The cost of direct materials transferred into the Rolling Department of Kraus Company is $393,600.…
A: The actual objects that are constructed into a product are referred to as direct materials. A…
Q: epartment W had 2,400 units, one-third completed at the beginning of the period; 12,500 units were…
A: Solution: Units started and completed = units transferred to next Department X - beginning units =…
Q: The Refining Department of Kristian, Inc. had 83,000 pounds of materials to account for in the…
A: Equivalent unit of production= Number of units * percentage of completion
Q: Department W had 2,880 units, one-third completed at the beginning of the period; 13,400 units were…
A: b. 13,040 units
Q: The following data was taken from the records of the Dallylaang Manufacturing Company for the month…
A: The normal loss incurred during the process is not included while apportionment of the cost. Its…
Q: Gannon Company uses the FIFO method to compute equivalent units. It has 4,000 units in beginning…
A: Formula: Beginning completed units = Beginning work in process x ( 100 - 20 % )
Q: The equivalent units of production used to compute unit conversion cost on the cost of production…
A: Process cost report: Process cost report is prepared separately for each production department or…
Q: For Tuba Corp, materials are added at the start of the process in Department B. Units received from…
A: Hey, since there are multiple sub-parts questions posted, we will answer the first three sub-parts…
Q: For Atok Corp, materials are added at the start of the process in Department B. Units received from…
A: Inventory represents the amount of goods purchased by a manufacturing firm to resell to the…
Q: The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is…
A: Direct materials: Direct materials are the raw materials that are directly associated with the…
Q: The Converting Department of Worley Company had 640 units in work in process at the beginning of the…
A: Process costs It is a method of cost accounting, which is used where the production is continuous,…
Q: The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is…
A: Direct materials cost per equivalent unit = Cost of direct materials / Total equivalent units for…
Q: The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is…
A: Direct Materials refers to the raw materials used to manufacture a product. Normally all the direct…
Q: Department W had 2,460 units, one-third completed at the beginning of the period; 12,500 units were…
A: Equivalent Units in laymen terms means work done in Particular period will create how many fully…
Q: Department M had 2,000 units 60% completed in process at the beginning of June, 12,000 units…
A: First in First out ( FIFO ) method : The units bought / purchased first are sold first is the first…
Q: Department W had 2,880 units, one-third completed at the beginning of the period; 12,200 units were…
A: Given, Beginning work in process = 2,880 units Units completed and transferred out = 12,200 units…
Q: Depar has transferred-in costs of $390,000 for the current period. In addition, work in process at…
A: Explanation with working
Q: The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is…
A: Direct materials cost per equivalent unit = Cost of direct materials / Total equivalent units for…
Q: Department W had 2,940 units, one-third completed at the beginning of the period; 13,800 units were…
A: Formula: The Total number of units to be assigned cost = Beginning units + Units completed and…
Q: The Mixing Department's output during the period consists of 20,000 units completed and transferred…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: The Cutting Department's output during the period consists of 22,000 units completed and transferred…
A: Given : Output during the period consists of 22,000 units completed 4,000 units in ending work in…
Step by step
Solved in 2 steps
- ngageNOWv2 | Online teachin X + om/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... € Compute conversion costs given the following data: direct materials, $363,600; direct labor, $192,400; factory overhead, $204,500 and selling expenses, $35,600. Oa. $396,900 Ob. $568.100 Oc. $168,900 Od. $760,500 8 5/21/1 ngageNOWv2 | Online teachirs X com/ilrn/takeAssignment/takeAssignmentMar.uo?invoker=&takeAssignmentSessionLocator=&inprogress=false 田) eBook Show Me How A production department within a company received materials of $10,000 and conversion costs of $11,000 from the prior department. It added material of $24,960 and conversion costs of $50,560. The equivalent units are 19,000 for material and 17,100 for conversion. What is the unit cost for materials and conversion? When required, round final answers to two decimal places. Unit Cost Materials Conversion $ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A% merica AS... rk i Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $5.00 per pound) $ 150.00 98.00 Direct labor (7 hours @ $14 per hour) Variable overhead (7 hours @ $7 per hour) Fixed overhead (7 hours @ $9 per hour) Standard cost per unit Production (in units) Standard direct labor hours (7 DLH per unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 51,000 units per quarter. The following additional information is available. 49.00 63.00 $360.00 70% 35,700 249,900 Direct materials (1,377,000 pounds @ $5.00 per pound)…
- r田 1/1 ageNOWv2 | Online teachirs X n/ilrn/takeAssignment/takeAssignmentMan.uo?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Mazomanie Farm completed 23,000 units during the quarter and has 2,600 units still in process. The units are 100% complete with regard to materials and 55% complete with regard to conversion costs. What are the equivalent units for materials and conversion? Equivalent Units of Materials Equivalent Units of Conversion1/1 CengageNOWv2 | Online teachirn X now.com/ilrn/takeAssignment/takeAssignmentMaruo?invoker=&itakeAssignmentSessionLocator=&inprogress3Dfalse eBook Prepare the journal entry to record the transfer of 2,500 units from the packaging department to finished goods if the material cost per unit is $2 and the conversion cost per unit is $5.60. If an amount box does not require an entry, leave it blank. 88CengageNOWv2 | Online teachirs X gagenow.com/ilrn/takeAssignment/takeAssignmentMa.uo?invoker=&takeAssignmentSessionLocator=&inprogress=false ... eBook A company has 1,400 units in ending work in process that are 20% complete after transferring out 11,000 units. All materials are added at the beginning of the process. If the cost per unit is $4 for materials and $8 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method? Cost of units transferred out 000re Ending work in process inventory $
- What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $16,000 B. $50,000 C. $103,000 D. $120000https://education.aima.in/processOnlineExam.action?onlineAssignmentDefinition.id 1444118538- Google Chrome A education.aima.in/processOnlineExam.action?onlineAssignmentDefinition.id=1444118538 A company produces X, Y and Z from a raw material M. For every 100 tonnes ofM put into production it obtains 50 tons of product X, 30 tons of Y and 15 tons of Z, while 5 tons goes as waste. The selling price of X, Y and z is Rs. 40. Rs, 60 and Rs. 80 per ton. The cost of raw material M is Rs. 20 and variable processing costs are Rs. 10. Variable marketing costs are budgeted to be at the rate of 10 percent of sales value. Budgeted fixed overheads per annum are: Manufacturing - Rs. 40,000, Marketing - Rs. 30,000, and Administration - Rs. 20,000. The company intends to process 10,000 tonnes of material M in the coming year. or Question 21:- Fixed Cost is Rs. a) O 75000 b) O 60000 E c) 90000 d) O 55000 TH NO Question 22:- Contribution is Rs. a) O 12 per unit b) . 15 per unit F c)O 16 per unit d) O 18…eNOWv2 | Online teach akeAssignment/takeAssignm IMain.do?invoker 8takeAssignmentSessionLocator-8inprogress-false en genera... 21. Homepage South... CengageNOWv2 |. MindEdge Other bookmarks E eBook Show Me How Equivalent Units of Production The Converting Department of Worley Company had 720 units in work in process at the beginning of the period, which were 40% complete. During the period, 15,200 units were completed and transferred to the Packing Department. There were 800 units in process at the end of the period, which were 70% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0" Worley Company Number of Equivalent Units of Production Direct Materials Equivalent Units Equivalent Units Whole Units Conversion Inventory in process, beginning 720 432. Started and completed x Transferred to Packing Department…
- < a. C. eBook b. Show Me How (Round the per unit cost to the nearest cent and use in subsequent computations. If required, round your answers to the nearest dollar.) Journalize the following entries for the month: a. Materials are purchased to produce 1,560 units. b. Conversion costs are applied to 1,480 units of production. c. The cell completes 1,410 units, which are placed into finished goods. If an amount box does not require an entry, leave it blank. Check My Work intr-amprogress=false Lean Accounting The annual budgeted conversion costs for a lean cell are $124,440 for 1,700 production hours. Each unit produced by the cell requires 15 minutes of cell process time. During the month, 1,480 units are manufactured in the cell. The estimated materials costs are $57 per unit. ☐☐☐☐☐☐ 00 00 00 G ✩ = 0 Previous Next Updgagenown/ilm/takeAssignment/takeAssignmentMain.do?invoker=&ta... A Q eBook Activity Fabrication Assembly Setup Inspecting Production scheduling Purchasing Activity Rate $24 per machine hour $13 per direct labor hour $50 per setup $28 per inspection $14 per production order $11 per purchase order The activity-base usage quantities and units produced for each product were as follows: Elliptical Machines Treadmill 1,687 419 53 Activity Base Machine hours Direct labor hours Setups Elliptical Machines Treadmill 4 Product Costs using Activity Rates Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: C 101 Print Item % 15 5 732 $ Inspections Production orders Purchase orders 198 Units produced 286 Use the activity rate…in Feed | LinkedIn studenthomeworks.... Hours Calculator: S... Compute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,900; and selling expenses, $45,290. Oa. $384,200 Ob. $731,700 Oc. $187,900 Od. $543,800 Chock M. Marl البال ghmentSessionLocator=&inprogress=false Login to Applicant... 3 BMTX: Card Status South University Disney+ | Movies a... W a O 2 46°F Previous 4x » (? Next ENG 10:09 PM US 3/25/2023