Reference no: EM1348654
The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $54,590 of direct materials.
ACCOUNT Work in Process - Forging Department ACCOUNT NO.
Balance
Date item Debit Credit Debit Credit
June1 Bal., 5300units, 50%complete 64395
30 direct Materials,48000units 480000 544395
30 Direct Labor 78160 622555
30 Factory Overhead 107926 730481
30 Goods Finished, units ?
30 Bal.4200units, 60%complete ?
Based on the above data, determine each amount.
a. Cost of beginning work in process inventory completed in June.
$
b. Cost of units transferred to the next department during June.
$
c. Cost of ending work in process inventory on June 30.
$
d. Costs per equivalent unit of direct materials and conversion included in the June 1 beginning work in process. Enter your answer to the nearest cent.
Direct materials cost per equivalent unit: $
Conversion cost per equivalent unit: $
e. The June increase or decrease in costs per equivalent unit for direct materials and conversion. Enter your answer to the nearest cent. Enter all amounts as positive numbers.
Increase or Decrease Amount
Direct materials cost per equivalent unit: $
Conversion cost per equivalent unit: $
|
The machine time constraint
: A corporation produces three products. Information concerning the selling prices and unit costs of the three products appear below:
|
|
Image of the butterfly in the mirror
: A 1.0 kohm resistor is connected in series with a 10 mH inductor, a 30 V battery, and an open switch. at time t=0, the switch is suddenly closed. What are the voltage drops Vr and Vl 20.00 us after the switch is closed.
|
|
Introduction to single-case design
: The single-case design is not only used in controlled clinical research. It is also informally applied by the physicians we see every day.
|
|
Effect of language - conflict and personality on teams
: What possible conflicts could arise when the group does not come to a consensus as to who is in and who should be out of the group?
|
|
Forging department-cost per equivalent units
: The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inven..
|
|
Explain how to react if you noticed employee morale dropping
: Explain If you noticed employee morale dropping in your department, how would you respond?
|
|
Managing intrusion detection environment
: As security manager at XYZ Corporation, you are responsible for managing intrusion detection environment. If you were given the ability to build the environment from scratch, would you use network based IDS, host based IDS, or a combination?
|
|
Modeling effects and children
: This form of participant modeling can indeed have a stronger effect on phobias when using desensitization. This approach has been used very successfully with children. Do you suppose that they are more susceptible to modeling effects?
|
|
Fundamentals of psychology in business and personality
: Type of job an employee does moderates the relationship between personality and job productivity. "Do you agreeor disagree with this statement
|