Reference no: EM131291812
In Mordica Company, total material costs are $34,500, and total conversion costs are $54,500. Equivalent units of production are materials 10,000 and conversion costs 12,000. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit $ Conversion cost per unit $ Compute total manufacturing costs. (Round answer to 2 decimal places, e.g. 2.25.) Total manufacturing cost per unit $
|
Prepare a cost reconciliation schedule
: Production costs chargeable to the Finishing Department in June in Hollins Company are materials $16,775, labor $33,375, overhead $19,300. Equivalent units of production are materials 20,710 and conversion costs 19,655. Prepare a cost reconciliation ..
|
|
Recommended for inclusion in the management report
: Compare and contrast the profitability of each doll under the new and old systems. What accomplishments have been made with US GAAP converging into IFRS? What has changed in US GAAP so far? Identifiy five subject areas or topics that have been recomm..
|
|
Reports warranty expense by estimating the amount
: Lance Lawn Services reports warranty expense by estimating the amount that eventually will be paid to satisfy warranties on its product sales. For tax purposes, the expense is deducted when the cost is incurred. At December 31, 2016, Lance has a warr..
|
|
Manufactures and sells three different types of binoculars
: Zoom Corporation manufactures and sells three different types of binoculars. They are referred to as Good, Better, and Best binoculars. Grinding and polishing time is limited. More time is required to grind and polish the lenses used in the Better an..
|
|
Compute total manufacturing costs
: In Mordica Company, total material costs are $34,500, and total conversion costs are $54,500. Equivalent units of production are materials 10,000 and conversion costs 12,000. Compute the unit costs for materials and conversion costs. (Round answers t..
|
|
Unit contribution margin break-even point units units
: Snow Cap Company has a unit selling price of $260, variable costs per unit of $120, and fixed costs of $378,000. Compute the break-even point in units using (a) the mathematical equation and (b) unit contribution margin. (a) Mathematical Equation (b)..
|
|
Amount of under or overapplied manufacturing overhead
: For Eckstein Company, the predetermined overhead rate is 137% of direct labor cost. During the month, Eckstein incurred $104,000 of factory labor costs, of which $85,200 is direct labor and $18,800 is indirect labor. Actual overhead incurred was $121..
|
|
Annual manufacturing overhead costs
: Marquis Company estimates that annual manufacturing overhead costs will be $884,000. Estimated annual operating activity bases are direct labor cost $461,000, direct labor hours 46,000, and machine hours 101,000. Compute the predetermined overhead ra..
|
|
Data relative to those activity cost pools and cost drivers
: Flynn Industries has three activity cost pools and two products. It expects to produce 3,340 units of Product BC113 and 1,920 of Product AD908. Having identified its activity cost pools and the cost drivers for each pool, Flynn accumulated the follow..
|