Business aChapt XMy QuestiReferencendenccinstructure.com/courses/3788/assignments/35967?module ite 0View PoliciesCurrent Attempt in ProgressA process with no beginning work in process, completed and transferred out34100 units during a period and had 14600 units in the ending work inprocess that were 55% complete. How much is equivalent units ofproduction for the period for conversion costs?O 56730 equivalent units.O 26070 equivalent units.O 42130 equivalent units.O 48700 equivalent units.

Equivalent Units of Production: Equivalent units of production refer to the amount of work done by a…

Answered: Business a Chapt X My Questi Reference…

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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Planned costs of product A - 150000 Planned costs of product B - 250000 Real costs of product A - 120000 Real costs of product B - 240000 \At the end of the month, when the full production cost of production is formed on the account Production process Dr Finished products. A Cr Production process. A - ? Please be more careful wit + / - (in case of storno)
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 Conversion
1/1 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. 88
Part B: Assuming Wildhorse uses the FIFO method of process costing, complete Step 4 to determine its cost per equivalent unit for both DM and conversion costs. (Round cost per equivalent unit answers to 2 decimal places, e.g. 15.25.) DM Conversion Costs Total equivalent units of work done this period (FIFO) 29,000 26,000 STEP 4 Calculate Cost Per Equivalent Unit DM Conversion Cost select an item Correct answer $enter a dollar amount Correct answer $enter a dollar amount Correct answer select an item Correct answer enter a number of unitsCorrect answer enter a number of unitsCorrect answer select a closing name Correct answer $enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2…
ok t For each of the following independent cases (A to E), compute the missing values in the table: Case A C D E Prime Conversion Cost Cost $ 9,560 $ 16,470 $ 57,300 110,600 48,750 Direct Materials 3,950 10,130 41,500 20,500 Direct Manufacturing Labor Overhead 7,400 12,650 14,400 $ 10,860 25,200 24,300 Total Manufacturing Cost 42,730 69,250 57,500
The total conversion cost for company XYZ was four times the prime cost. The direct labor cost was $30,000 while the direct materials cost was $20,000. How much was the manufacturing overhead cost ($)? O a. 80,000 O b. 180,000 Oc. 170,000 O d. None of the given answers O e. 200,000O US PAGE NEXT PAGE lump to COURSE OUTLINE SPRING2021
A company makes a product R. which requires one each of two first-level components, 5 and T. Routing data for these items are as follows tem Operation No. Dept Work Center Run Time Per unit Setup Time Average Lot size No. No. Std hours) Std hours) R 10 12 0.80 1.50 20 10 12 16 0.50 0.60 40 20 14 1.20 2.00 40 10 16 1.00 0.40 40 20 14 0.30 1.20 40 (a) The Bill of Capacity for product R (in standard hours) at work center 12 is closest to:
+ b My Questi Business a Chapt X Reference lenccinstructure.com/courses/3788/assignments/35967?module ite Bonita Company is trying to determine the equivalent units for conversion costs with 4500 units of ending work in process at 70% completion and 44500 units that are 100 % complete as to materials. There are no beginning units in the department. Materials are added at the beginning of the process, and conversion costs occur evenly throughout the entire production period. What is the equivalent units of production for conversion costs for the current period? O 47650. O 3150. O 49000. O 43150.
Costs of manufactured are 958000 OMR, Prime cost is 736000 OMR, and Factory overheads are 12 % of prime cost, Calculate cost of production Select one: O a. None of these O b.824320 OMR O c. 692350 OMR O d. 891950 OMR s page Next page Buss 104-2 03-05-21 10:40-11:40 0 SS 104 Jump to...
← Costing assignment 2...9351ddc86b78e0e67 QUESTION 3 The following data relates to one accounting period. During the period the following data were recorded: J Indirect Materials. 2,500 Indirect Labour 5,250 Maintenance major work 18,500 Fire insurance Power Heating and lighting Rent and rates Machine depreciation Machine insurance Canteen costs Additional information Number of employees Labour hours Plant and machinery value (K) Area (meter square) Material requistions KWH Machine hours QUESTION 4 Milling Assembly spraying stores dept dept Dept K Maintena nce dept dept K K K K 1,000 1,500 300 1,700 4,250 11,750 2,500 2,250 7,500 4,500 Direct Material Direct Labour L 50 300 Milling Assembly spraying stores Maintena dept dept dept Dept nce dept 30 75 25 6 14 1,510 950 252 595 3,320 75,000 45,000 225,000 17,000 85,000 7,500 10,000 3,500 500 1,000 22,500 1,400 300 250 0 550 2,500 300 70 10 600 8,400 1,100 0 9,800 Mable PLC has the following data for November and December 2007. Basic…
For each of the following independent cases (A to E), compute the missing values in the table: Case 4 B ola C D E Prime Cost $ 9,520 17,540 55,500 32,450 32,600 Conversion Cost $ Answer is complete but not entirely correct. Direct Labor 110,000 48,350 37,200 Direct Materials 16,440 32,190 * 10,000 $ 4,070 $ 5,510 7,340 42,400 13,100 20,400 11,750 18,800 13,100 Manufacturing Overhead S Total Manufacturing Cost 10,990 s 25,100 98,200 35,500 24,100 20,370 42,440 154 68,750 56,400
Question Content Area Compute conversion costs given the following data: direct materials, $376,200; direct labor, $200,400; factory overhead, $179,400 and selling expenses, $48,400. a. $555,600 b. $131,000 c. $756,000 d. $379,800

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