Spartan Computer Systems, Inc., manufactures printers. Materials are added at the beginning of theproduction process. In April, Spartans started 14,500 printers. Of these, 12,350 were completed andtransferred to the next department, 1,480 were spoiled (as anticipated) and 670 were unexpectedly spoiled.Spoilage is not detected until the process is complete. There was no beginning or ending work in processinventory. Direct materials of $320,000 were used during the month.The Materials Rate per Equivalent is [Select]How much of the materials costs will be transferred to the next department? [Select]How much of the materials costs will be written off as "Loss from Abnormal Spoilage"?[Select]

Step 1: To Calculate the materials rate per equivalent, equivalent units of production is to be…

Answered: Spartan Computer Systems, Inc.,…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 11E

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In its Department R, Recyclers, Inc., processes donated scrap cloth into towels for sale in local thrift shops. It sells the products at cost. The direct materials costs are zero, but the operation requires the use of direct labor and overhead. The company uses a process costing system and tracks the processing volume and costs incurred in each period. At the start of the current period, 550 towels were in process and were 60 percent complete. The costs incurred were $1,207. During the month, costs of $20,500 were incurred, 4,100 towels were started, and 275 towels were still in process at the end of the month. At the end of the month, the towels were 20 percent complete. Required: a. Prepare a production cost report; the company uses weighted-average process costing. b. Show the flow of costs through T-accounts. Assume that current period conversion costs are credited to various payables. i did A part , i want help in B
In its Department R, Recyclers, Inc., processes donated scrap cloth into towels for sale in local thrift shops. It sells the products at cost. The direct materials costs are zero, but the operation requires the use of direct labor and overhead. The company uses a process costing system and tracks the processing volume and costs incurred in each period. At the start of the current period, 550 towels were in process and were 60 percent complete. The costs incurred were $1,207. During the month, costs of $20,500 were incurred, 4,100 towels were started, and 275 towels were still in process at the end of the month. At the end of the month, the towels were 20 percent complete. Required: a. Prepare a production cost report; the company uses weighted-average process costing. b. Show the flow of costs through T-accounts. Assume that current period conversion costs are credited to various payables. i did A i want help in b
In its Department R, Recyclers, Inc., processes donated scrap cloth into towels for sale in local thrift shops. It sells the products at cost. The direct materials costs are zero, but the operation requires the use of direct labor and overhead. The company uses a process costing system and tracks the processing volume and costs incurred in each period. At the start of the current period, 450 towels were in process and were 60 percent complete. The costs incurred were $160. During the month, costs of $15,600 were incurred, 3,900 towels were started, and 225 towels were still in process at the end of the month. At the end of the month, the towels were 20 percent complete. Required: a. Prepare a production cost report: the company uses FIFO process costing. b. Show the flow of costs through T-accounts. Assume that current period conversion costs are credited to various payables.
In its Department R, Recyclers, Inc., processes donated scrap cloth into towels for sale in local thrift shops. It sells the products at cost. The direct materials costs are zero, but the operation requires the use of direct labor and overhead. The company uses a process costing system and tracks the processing volume and costs incurred in each period. At the start of the current period, 550 towels were in process and were 60 percent complete. The costs incurred were $1,207. During the month, costs of $20,500 were incurred, 4,100 towels were started, and 275 towels were still in process at the end of the month. At the end of the month, the towels were 20 percent complete. Required: a. Prepare a production cost report; the company uses weighted-average process costing. b. Show the flow of costs through T-accounts. Assume that current period conversion costs are credited to various payables.
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During the month of January 2020,Direct material worth 300,000 dollars were issued to produce 26,000 units of finished goods. Direct labor to process these material totaled 110,000 dollar and FOH is 55,000 dollars. During the month processing of 20,000 units were completed and these units were transferred to next department, whereas 1000 units were lost during processing. The loss is regarded as normal loss. All of these direct material has been issued for the units in process at the end of month ,but these units were only 40 percent converted. You are required to make a A cost of production Report for the month based on the above information .
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Jones Manufacturing Co. Ltd. makes a product by way of three consecutive processes. Inspection takes place during the processing operation, at which point bad units are separated from good units and sold as scrap at $20 each. Normal losses are estimated to be 5% of input during the period. The following data relates to process 2 for the month of October. During October, 20,000 units valued at $400,000 were transferred from process 1 to process 2. Other costs incurred during the month were: Direct material added $272,000 Direct labour $254,000 Production overheads $ 120,400 At inspection, 3000 units were rejected as scrap. These units had reached the following degree of completion: Transfer from process 1 100% Direct material added 80% Conversion costs 50% Work-in-progress at the end of October was 4,000 units and had reached the following degree of completion: Transfer from process 1 100% Direct material added 60% Conversion costs 40% There were no…

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