Using the weighted average method, you are provided the following information:Beginning WIP 500 needing 25% yet to completeUnits started and completed and moved to the next process- 1000 unitsEnding WIP of 500 units that are 50% complete.What is your equivalent units of production for the period?137517501625

Beginning Work in Process (WIP):In this scenario, we start with 500 units in beginning WIP.These…

Answered: Using the weighted average method, you…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 11EA: Mazomanie Farm completed 20,000 units during the quarter and has 2,500 units still in process. The...

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Hunt Company has the following production data: Throughput time Delivery cycle time 4 hours 6 hours 1 hour Process time Wait time before production The manufacturing cycle efficiency (MCE) for Hunt Company is: 2 hours 75% 50% O 25% O 20%
Following are Costs for a month in which it produced 2000 units.: (All values in OMR) Fixed Variable Total Costs Costs Costs Material Costs 15000 55000 Labor Costs ? 65000 75000 Production 25000 10000 ? Facilities cost On the basis of above information, what will be the estimated cost for 4000 units from the following? Select one: O a. OMR 330000 O b. OMR 165000 O c. OMR 215000 O d. OMR 280000
Consider the below diagram showing production process of Company XYZ: Process A 1.25/hour Process B 2.75/hour Process C Process D 0.5/ minute 3.25/ hour What will be the rate of the production for the company? a) 1.25 per hour b) 3.25 per hour c) 7.75 per hour d) 30 per hour
Craig, Inc., has provided the following information for one of its products for each hour of production: Actual velocity: 100 units (per hour) Move time: 20 minutes Inspection time: 18 minutes Rework time: 12 minutes Required: Calculate MCE. Comment on its significance.
You are provided the following production information for the month of October 2020 Material A Material B Material C Opening WIP Cost RO R5,622 R4 235 Current Months' Cost R57,885 R66,368 R36,329 Equivalent Units 6,264 units 9.863 units 7.959 units If a FIFO system is used, what is the cost per equivalent unit for Material C?
A manual assembly line is being designed for a product with annual demand = 100,000 units. The line will operate 50 wks/year, 5 shifts/wk, and 7.5 hr/shift. Work units will be attached to a continuously moving conveyor. Work content time = 42.0 min. Assume line efficiency E = 0.97, balancing efficiency Eb = 0.92, and repositioning time Tr = 6 sec. Determine: (a) hourly production rate to meet demand, (b) number of workers required.
Fill in the Blank Question E A manufacturing company has a production where one-half of the materials are added at the beginning of Process 1. Conversion costs are 20% in Process 1. If 600 units are started, the EUP with respect to materials are O
If 30,000 units are started into production and 12,000 units are in process at the end of the period, how many units were completed and transferred out?
Hernandez Corp. wants to compute its throughput for August. The following production data are available: Good units produced and sold 2,923,200 Total units produced 4,844,000 Total processing (in hours) 201,600 Value-added time (in hours) 50,300 a. Determine the manufacturing cycle efficiency. ______% b. Determine the process productivity. ______ units per hour c. Determine the process quality yield. ______% d. Determine the throughput using only good units and total time. ______ units per hour
Beginning work in process includes 400 units that are 20% complete with respectto conversion and 30% complete with respect to materials. Ending work in process includes 200 units that are 40% complete with respect to conversion and 50%complete with respect to materials. If 2,000 units were started during the period,what are the equivalent units of production for the period according to the weightedaverage method?a. Conversion equivalent units 2,280 units; Material equivalent units 2,100 unitsb. Conversion equivalent units 1,980 units; Material equivalent units 2,080 unitsc. Conversion equivalent units 2,480 units; Material equivalent units 1,980 unitsd. Conversion equivalent units 2,280 units; Material equivalent units 2,300 units
To make a batch of 1,000 units of a certain item, it is estimated that 120 direct labor hours are required at a cost of $10/hour. Direct material costs are estimated at $1,500 per batch. The overhead costs are calculated based on an overhead rate of $7.50 per direct labor hour. The item can be readily purchased from a local vendor for $4 per unit. a. Should the item be made or purchased? b. Over what range of overhead rate is your answer in part a valid?
Given the following information, compute the total number of units for the period: Direct Labor Hours: 12000 Direct Labor Cost: $2.70 per hour Direct Material Cost: $75 per unit Total Manufacturing Cost: $132,600 Fixed OH Cost: $36000 Variable OH Cost: 50% Total Labor Cost

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