Time line for the Fermenting Department.

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Answer 1

Question

Chapter 5, Problem 5.47BE

1.

To determine

Time line for the Fermenting Department.

2.

To determine

Summarized physical flow of units.

To compute: Total equivalent units.

3.

To determine

Summarize total cost to account for during the process.

To compute: Equivalent cost per unit for direct material costs and conversion costs.

4.

To determine

Total cost assigned to:

(a) Units completed and transferred out of Fermentation Department.

(b) Units in ending work in process inventory – Fermentation Department.

5.

To determine

Average cost per gallons transferred out of fermenting department to packaging department.

To conclude: Manager’s intentions behind knowing the average cost of the units transferred from Fermenting Department to Packaging Department and justify the same.

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Anderson Winery in Napa Valley, California, has two departments: Fermenting and packing. Direct materials are added at the beginning of the fermenting process (grapes) and at the end of the packaging process (bottles). Conversion costs are added evenly throughout each process.Data from the month of March for the Fermenting Department are as follows: Beginning Work in Process Inventory -0- gallonsStarted production 8,000 gallonsCompleted and transferred out to Packing in March 6,550 gallonsEnding Work in Process Inventory 1,450 gallons Costs: Beginning Work in Process Inventory $0Costs added during March:Direct materials $104,000Direct labour $ 24,000Manufacturing overhead…

Anderson Winery in Napa Valley, California, has two departments: Fermenting and packing. Direct materials are added at the beginning of the fermenting process (grapes) and at the end of the packaging process (bottles). Conversion costs are added evenly throughout each process. Data from the month of March for the Fermenting Department are as follows: Beginning Work in Process Inventory Started production Completed and transferred out to Packing in March Ending Work in Process Inventory -0- gallons 8,000 gallons 6,550 gallons 1,450 gallons Costs: $0 Beginning Work in Process Inventory Costs added during March: Direct materials $104,000 $ 24,000 $ 45.390 Direct labour Manufacturing overhead Total costs added during March $173,390 The units still in process are 80% of the way through the fermenting process. - 1 -

Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The first production department of Stone Incorporated reports the following for April. Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 84,000 442,000 420,000 106, 000 Direct Materials Percent Complete 80% 80% Conversion Percent Complete 20% 30%

Answer 2

Question

Chapter 5, Problem 5.47BE

1.

To determine

Time line for the Fermenting Department.

2.

To determine

Summarized physical flow of units.

To compute: Total equivalent units.

3.

To determine

Summarize total cost to account for during the process.

To compute: Equivalent cost per unit for direct material costs and conversion costs.

4.

To determine

Total cost assigned to:

(a) Units completed and transferred out of Fermentation Department.

(b) Units in ending work in process inventory – Fermentation Department.

5.

To determine

Average cost per gallons transferred out of fermenting department to packaging department.

To conclude: Manager’s intentions behind knowing the average cost of the units transferred from Fermenting Department to Packaging Department and justify the same.

Expert Solution & Answer

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Answer 3

Question

Chapter 5, Problem 5.47BE

1.

To determine

Time line for the Fermenting Department.

2.

To determine

Summarized physical flow of units.

To compute: Total equivalent units.

3.

To determine

Summarize total cost to account for during the process.

To compute: Equivalent cost per unit for direct material costs and conversion costs.

4.

To determine

Total cost assigned to:

(a) Units completed and transferred out of Fermentation Department.

(b) Units in ending work in process inventory – Fermentation Department.

5.

To determine

Average cost per gallons transferred out of fermenting department to packaging department.

To conclude: Manager’s intentions behind knowing the average cost of the units transferred from Fermenting Department to Packaging Department and justify the same.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 5, Problem 5.47BE

1.

To determine

Time line for the Fermenting Department.

2.

To determine

Summarized physical flow of units.

To compute: Total equivalent units.

3.

To determine

Summarize total cost to account for during the process.

To compute: Equivalent cost per unit for direct material costs and conversion costs.

4.

To determine

Total cost assigned to:

(a) Units completed and transferred out of Fermentation Department.

(b) Units in ending work in process inventory – Fermentation Department.

5.

To determine

Average cost per gallons transferred out of fermenting department to packaging department.

To conclude: Manager’s intentions behind knowing the average cost of the units transferred from Fermenting Department to Packaging Department and justify the same.

Expert Solution & Answer

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Answer 5

Chapter 5, Problem 5.47BE

1.

To determine

Time line for the Fermenting Department.

2.

To determine

Summarized physical flow of units.

To compute: Total equivalent units.

3.

To determine

Summarize total cost to account for during the process.

To compute: Equivalent cost per unit for direct material costs and conversion costs.

4.

To determine

Total cost assigned to:

(a) Units completed and transferred out of Fermentation Department.

(b) Units in ending work in process inventory – Fermentation Department.

5.

To determine

Average cost per gallons transferred out of fermenting department to packaging department.

To conclude: Manager’s intentions behind knowing the average cost of the units transferred from Fermenting Department to Packaging Department and justify the same.

Answer 6

Chapter 5, Problem 5.47BE

1.

To determine

Time line for the Fermenting Department.

Answer 7

Chapter 5, Problem 5.47BE

1.

To determine

Time line for the Fermenting Department.

Answer 8

2.

To determine

Summarized physical flow of units.

To compute: Total equivalent units.

Answer 9

2.

To determine

Summarized physical flow of units.

To compute: Total equivalent units.

Answer 10

3.

To determine

Summarize total cost to account for during the process.

To compute: Equivalent cost per unit for direct material costs and conversion costs.

Answer 11

3.

To determine

Summarize total cost to account for during the process.

To compute: Equivalent cost per unit for direct material costs and conversion costs.

Answer 12

4.

To determine

Total cost assigned to:

(a) Units completed and transferred out of Fermentation Department.

(b) Units in ending work in process inventory – Fermentation Department.

Answer 13

4.

To determine

Total cost assigned to:

(a) Units completed and transferred out of Fermentation Department.

(b) Units in ending work in process inventory – Fermentation Department.

Answer 14

5.

To determine

Average cost per gallons transferred out of fermenting department to packaging department.

To conclude: Manager’s intentions behind knowing the average cost of the units transferred from Fermenting Department to Packaging Department and justify the same.

Answer 15

5.

To determine

Average cost per gallons transferred out of fermenting department to packaging department.

To conclude: Manager’s intentions behind knowing the average cost of the units transferred from Fermenting Department to Packaging Department and justify the same.

Answer 16

Expert Solution & Answer

Answer 17

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Answer 18

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Answer 19

Ch. 5 - (Learning Objective 1) Which of the following is...Ch. 5 - (Learning Objective 2) Conversion costs consist of...Ch. 5 - (Learning Objective 2) Which of the following is...Ch. 5 - (Learning Objective 3) Which of the following is...Ch. 5 - Prob. 5QC Ch. 5 - (Learning Objective 4) The journal entry needed to...Ch. 5 - (Learning Objective 4) A company has two...Ch. 5 - Prob. 8QC Ch. 5 - Prob. 9QC Ch. 5 - Prob. 10QC

Time line for the Fermenting Department.

Solution Summary: The author explains the time line for the Fermenting Department. It is prepared to show the process development and its details.

Concept explainers

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Time line for the Fermenting Department.

Summarized physical flow of units.

To compute: Total equivalent units.

Summarize total cost to account for during the process.

To compute: Equivalent cost per unit for direct material costs and conversion costs.

Total cost assigned to:

(a) Units completed and transferred out of Fermentation Department.

(b) Units in ending work in process inventory – Fermentation Department.

Average cost per gallons transferred out of fermenting department to packaging department.

To conclude: Manager’s intentions behind knowing the average cost of the units transferred from Fermenting Department to Packaging Department and justify the same.

Want to see the full answer?

Chapter 5 Solutions

Time line for the Fermenting Department.

Solution Summary: The author explains the time line for the Fermenting Department. It is prepared to show the process development and its details.

Concept explainers

Videos

Time line for the Fermenting Department.

Summarized physical flow of units. To compute: Total equivalent units.

Summarize total cost to account for during the process. To compute: Equivalent cost per unit for direct material costs and conversion costs.

Total cost assigned to: (a) Units completed and transferred out of Fermentation Department. (b) Units in ending work in process inventory – Fermentation Department.

Average cost per gallons transferred out of fermenting department to packaging department. To conclude: Manager’s intentions behind knowing the average cost of the units transferred from Fermenting Department to Packaging Department and justify the same.

Want to see the full answer?

Chapter 5 Solutions

Summarized physical flow of units.

To compute: Total equivalent units.

Summarize total cost to account for during the process.

To compute: Equivalent cost per unit for direct material costs and conversion costs.

Total cost assigned to:

(a) Units completed and transferred out of Fermentation Department.

(b) Units in ending work in process inventory – Fermentation Department.

Average cost per gallons transferred out of fermenting department to packaging department.

To conclude: Manager’s intentions behind knowing the average cost of the units transferred from Fermenting Department to Packaging Department and justify the same.