Reference no: EM133189997
Question - Heart Company produces window pulls, which are inspected at the end of production. Spoilage may occur because window pull is improperly stamped or molded. Any spoilage in excess of 3 percent of the completed good units is considered abnormal. Direct material is added at the start of production. Labor and overhead are incurred evenly throughout the production.
The company's May 2022 production and cost data follow:
Production
Beg WIP (50% complete) 5,600
Units started 74,400
Good units completed 70,000
Ending WIP (1/3 complete) 7,500
Direct Material Costs Conversion Costs
Beg Invty 6,400 1,232
Current Period 74,400 31,768
Assume Heart Company uses Average Method and the spoiled goods were detected when conversion was 30% complete.
Required -
A. Compute for the Total EUP for conversion costs.
B. Compute for the cost of normal Lost units (round off to two decimal places).
C. Compute for the unit cost of the Finished & Transferred units after the adjustments. (round off to two decimal places).
D. Compute for the costs of the abnormal lost units (round off to two decimal places).
E. Compute for the finished and transferred costs before the adjustments.
|
Basic responsibilities the bank of canada
: 1. Which of the following is not one of the four basic responsibilities the Bank of Canada has for controlling the growth in the supply of money and credit?
|
|
How much must be paid upon subscription
: Elle Corporation was organized on January 1, 2021 with authorized capital of P 2,000,000, P 20 par value shares. How much must be paid upon subscription
|
|
Explain how you will communicate
: Explain how you will communicate and discuss with your team, Explain what you would discuss with the manager, List some contingencies you consider
|
|
Assignment on management leadership
: "Toronto Zoo plans to reopen with drive-thru experience". With reference to chapter 8, Management & Leadership and chapter 12 Human Resources
|
|
Compute for the total eup for conversion costs
: Assume Heart Company uses Average Method and the spoiled goods were detected when conversion was 30% complete. Compute for the Total EUP for conversion costs
|
|
What is meant by formal and informal learning
: What is meant by formal and informal learning, Describe two models or processes that can be followed when you are undertaking self reflection
|
|
What were june budgeted unit sales
: Assume that June's production budget showed required production of 433,000 units, What were June budgeted unit sales
|
|
What leadership styles prevailed during the crisis
: What leadership styles prevailed during the crisis, How would you prepare BIAL for the end of crisis and post-crisis stages,
|
|
How much is the realized gross profit on the sale
: Pacific Inc., a dealer of Harley motorcycles, sells on installment basis. How much is the realized gross profit on the sale
|