The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0- Units started in production 20,000 Units finished during the period 16,000 Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) 4,000 Cost of materials used $ 35,200 Labor and overhead costs $ 37,400 Cost per equivalent unit of labor and overhead is: $2.20. $1.87. $2.34. $1.97.
The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0- Units started in production 20,000 Units finished during the period 16,000 Units in process at the end of the period (complete as to materials, ¼ complete as to labor and overhead) 4,000 Cost of materials used $ 35,200 Labor and overhead costs $ 37,400 Cost per equivalent unit of labor and overhead is: $2.20. $1.87. $2.34. $1.97.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter4: Activity-based Costing
Section: Chapter Questions
Problem 25E: Cushing, Inc., costs products using a normal costing system. The following data are available for...
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The Lakeside Company uses a weighted-average process costing system. The following data are available:
Cost per equivalent unit of labor and overhead is:
Beginning inventory | -0- | ||
Units started in production | 20,000 | ||
Units finished during the period | 16,000 | ||
Units in process at the end of the period (complete as to materials, ¼ complete as to labor and |
4,000 |
||
Cost of materials used | $ | 35,200 | |
Labor and overhead costs | $ | 37,400 |
$2.20.
|
||
$1.87.
|
||
$2.34.
|
||
$1.97.
|
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