Please help Me B. In addition to the production of the standard sizes of handmade rugs, Barbarossaaccepts customised orders from its online store on Etsy. The following information is forJob10UK, for a UK customer, in June 2021.Direct material£3,000Direct labour£4,340Barbarossa Ltd pays annual fees of £1000 for its Etsy store which cover all its online customisedorders. Job1OUK used 20 labour hours with 124 labour hours being used by all Etsy store jobs thisyear.Required: Compute the indirect costs allocated to Jobl10UK and the total cost for Job10UK(calculate the cost in sterling pounds). A. Barbarossa Ltd is a Turkish factory that produces premium handmade rugs.Theserugsgo under two production departments: Stage I and Stage II. The following informationis for the Stage I Department in May 2021:Work in process, May 1st:Units (80% complete for materials and 40% complete for labour)Direct materials40,00090,000*Direct labour60,000** TL: Turkish LiraDuring May, 57,000 units were completed and transferred to the Stage II Department. The incurredcosts for direct materials and direct labour in Stage I Department during May were 25,000 and13,000 TL, respectively.On 31t May, 12,000 units remained in the Stage I Department. These remaining units were 95%and 85% complete for materials and labour costs, respectively.

Answered: Image /qna-images/answer/a7ae36d9-19df-4bff-a434-51638fbb32ab.jpg

Answered: A. Barbarossa Ltd is a Turkish factory…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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You are provided the following production information for the month of October 2020 O/B WIP Units Started C/B WIP Number of Units 2,697 29,845 1,176 Percentage Completed 30% 70% The materials in the production process are added at the following stages Material A 0% Material B 50% Material C 90% What is the equivalent units of Material B in the opening work in process?
Barney makes a single product in two Departments. The production data for Dept. 2 for Aug 2020 follows: Production Cost Last Month This MonthTransferred in 40,750 222,750Materials 9,500 168,750Conversion 4,850 202,500Quantities In Process beginning (40% done) 10,000Received from Dept. 1 75,000Completed and Transferred 62,500In Process end (60% done) 15,000Materials are added at the start of the process, and losses normally occur during the early stages of operation. 30. Under weighted average, what is the cost of WIP end? a. 111,600 b. 111,400 c. 68,600 d. 70,000
Barney makes a single product in two Departments. The production data for Dept. 2 for Aug 2020 follows: Production Cost Last Month This MonthTransferred in 40,750 222,750Materials 9,500 168,750Conversion 4,850 202,500Quantities In Process beginning (40% done) 10,000Received from Dept. 1 75,000Completed and Transferred 62,500In Process end (60% done) 15,000 31. Under FIFO, what is the cost of goods completed? a. 488,125 b. 535,100 c. 537,500 d. 528,700
The Assembly Department of the Long-Distance Golf Club Super Driver Company, has the following production and cost data at the end of March, 2021. Production: 12,600 units started into production; 11,500 units transferred out and 1,100 units 100% completed as to materials and 70% completed as to conversion costs. Manufacturing Costs: Materials added at beginning of process, $49,750; Labor, $61,550; Overhead $32,440. Instructions Prepare a Production Cost Report for the Company for the month of March 2021.
You are provided the following production information for the month of October 2020: O/B WIP Units Started and Completed C/B WIP Number of Units 2,222 27,718 1,728 Percentage Completed 30% 70% The materials in the production process are added at the following stages: Material A 0% Material B 50% Material C 90% How many equivalent units of Material B were started and completed?
Peter Senen Manufacturing Company has just completed its production activities for February 2019. The production manager furnished you their data for this month: Department X Department Y Quantity units: In process, February 1 16,000 10,000 Stage of completion 4/5 40% Started in process 64,000 Received from prior dept. 70,000 In process, February 28 ? 12,000 Stage of completion 2/5…
Black Company adds materials in the beginning of the process in Department 1, which is the first of two stages of its production cycle. Information concerning the materials used in Department 1 in July is as follows: Units Material Costs Work in process, March 1, 2018 Started in process Completed and transferred out 6,000 50,000 44,000 P3,000 25,560 Using the average cost method, what was the materials cost of work in process on March 31? а. Р6,120 b. Р3,060 С. Р3,000 d. P6,000
Peter Senen Manufacturing Company has just completed its production activities for February 2019. The production manager furnished you their data for this month: Department X Department Y Quantity units: In process, February 1 16,000 10,000 Stage of completion 4/5 40% Started in process 64,000 Received from prior dept. 70,000 In process, February 28 ? 12,000 Stage of completion 2/5…
William Limited manufactures a unique hair oil branded Williamline. The product undergoes two manufacturing processes before emerging as a complete product. The following information relates to production undertaken during the month of September 2020. Process 1 2 Input 250,000 litres @ Sh. 62.50 per litre Added Costs: Material 5,750,000 4,606,250 Labour 4,812,500 3,806,250 Overhead 2,062,500 2,640,000 Normal loss 10% of input 5% of input Scrap value Sh. 18.75 per litre Sh. 42.50 per litre Output: To process 2:200,000 litres To finished goods To W.I.P CIF - Previous process costs - Added material - Labour - Overhead 162,500 litres 25,000 litres 100% 80% 70% 50% There was no opening work-in-progress in either of the two processes. Losses in process 2 had the following degree of completion: previous process costs 100%, added material 70%, labour 50% and overheads 50% Required: a) Process accounts for both processes for the month of September 2020
Peter Senen Manufacturing Company has just completed its production activities for February 2019. The production manager furnished you their data for this month:                                                                            Department X                                   Department Y Quantity units:                In process, February 1                          16,000                                                10,000                Stage of completion                              4/5                                                       40%                Started in process                                  64,000                Received from prior dept.                                                                               70,000                In process, February 28                           ?                                                       12,000                Stage of completion                              2/5…
Peter Senen Manufacturing Company has just completed its production activities for February 2019. The production manager furnished you their data for this month:                                                                            Department X                                   Department Y Quantity units:                In process, February 1                          16,000                                                10,000                Stage of completion                              4/5                                                       40%                Started in process                                  64,000                Received from prior dept.                                                                               70,000                In process, February 28                           ?                                                       12,000                Stage of completion                              2/5…
Peter Senen Manufacturing Company has just completed its production activities for February 2019. The production manager furnished you their data for this month:                                                                            Department X                                   Department Y Quantity units:                In process, February 1                          16,000                                                10,000                Stage of completion                              4/5                                                       40%                Started in process                                  64,000                Received from prior dept.                                                                               70,000                In process, February 28                           ?                                                       12,000                Stage of completion                              2/5…

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