Accounting connection gt explain how the analysis for the

Reference no: EM13589571

Canned fruits and vegetables are the main products made by Yummy Foods, Inc. All direct materials are added at the beginning of the mixing departments process. When the ingredients have been mixed they go to the cooking department. There the mixture is heated to 100 degrees Celsius and simmered for 20 minutes. When cooled, the mixture goes to the canning department for final processing. Throughout the operations, direct labor and overhead costs are incurred uniformly. No direct materials are added in the Cooking Department. Cost data and other information for the Mixing Department for January are as follows.

Production Cost Data Direct Materials Conversion Costs
Mixind Department:
Beginning Inventory $28,560 $5,230
Current Period Costs 450,000 181,200

Work in process inventory:

Beginning Inventory (40% complete in prior period) 5,000 liters
Ending inventory (60% complete) 6,000 liters
Unite Production data:
Units started during January 90,000 liters
Units transferred out during January 89,000 liters
Assume that no spoilage or evaporation loss took place during January.

REQUIRED:

1. Using the FIFO Costing method, prepare a process cost report for the Mixing Department for January

2. Accounting Connection > Explain how the analysis for the cooking department will differ from the analysis for the mixing department

Reference no: EM13589571

Questions Cloud

Holiday laboratories purchased a high-speed industrial : holiday laboratories purchased a high-speed industrial centrifuge at a cost of 490000. shipping costs totaled 27000.

Compute the direct-material price and quantity variances : during april dryden companys material purchases amounted to 8500 pounds at a price of 7.70 per pound. actual costs

You have to pay 16000 a year in school fees at the end of : you have to pay 16000 a year in school fees at the end of each of the next ten years. if the interest rate is 12 how

On july 1 2008 falk company signed a contract to lease : on july 1 2008 falk company signed a contract to lease space in a building for 25 years. the lease contract calls for

Accounting connection gt explain how the analysis for the : canned fruits and vegetables are the main products made by yummy foods inc. all direct materials are added at the

On january 2 2011 the crossover band acquires sound : on january 2 2011 the crossover band acquires sound equipment for concert performances at a cost of 55900. the band

What is the wavelength in meters of photons with the : question what is the wavelength in meters of photons with the following energies? in what region of the electromagnetic

Blanchard company manufactures a single product that sells : blanchard company manufactures a single product that sells for 140 per unit and whose total variable costs are 112 per

Kc is 42 at 1650 degrees c if 05 mole of h2 and 03 mole of : kc is 4.2 at 1650 degrees c. if 0.5 mole of h2 and 0.3 mole of co2 are injected into a 1.0 lflask what are the

User Account

All Pages