Reference no: EM132684676
Problem - Equivalent units and related costs; cost of production report; entries
Meadowland Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Department, the materials pass through the Reaction and Filling departments, emerging as finished chemicals.
The balance in the account Work in Process-Filling was as follows on December 1, 2012:
Work in Process-Filling Department (2,500 units, 60% completed):
Direct materials (2,500 × $13.10) $32,750
Conversion (2,500 × 60% × $5.65) 8,475
$41,225
The following costs were charged to Work in Process-Filling during December:
Direct materials transferred from Reaction
Department: 42,100 units at $13.00 a unit $547,300
Direct labor 143,200
Factory overhead 79,605
During December, 40,900 units of specialty chemicals were completed. Work in Process- Filling Department on December 31 was 3,700 units, 30% completed.
Instructions -
1. Prepare a cost of production report for the Filling Department for December.
2. Journalize the entries for costs transferred from Reaction to Filling and the cost transferred from Filling to Finished Goods.
3. Determine the increase or decrease in the cost per equivalent unit from November to December for direct materials and conversion costs.
4. Discuss the uses of the cost of production report and the results of part (3).
Describe the role that perception plays in conflict
: Describe the role that perception plays in conflict and provide a specific example of how parties might overcome perception problems.
|
How functional areas contribute to home health care delivery
: Choose a clinical and administrative role that is of interest to you and discuss how these roles, their associated responsibilities, and functional areas.
|
Special education reflection journal
: According to Maureen Costello, the director of Teaching Tolerance, we all have implicit biases. Were you surprised by your results?
|
Identify the elements of motivation
: Identify the elements of motivation. What is the relationship between job performance, motivation, ability, and situational constraints?
|
Prepare a cost of production report for Filling Department
: During December, 40,900 units of specialty chemicals were completed. Prepare a cost of production report for the Filling Department for December
|
Examining both market-based and government-based approaches
: The purpose of this assignment is to describe how health care is financed by examining both the market-based and government-based approaches.
|
Identify emerging trends in educational technology
: Identify the emerging trends in educational technology that affect your professional setting. Create a document or graphic that illustrates the positives
|
Explain plan for evaluating proposed nursing intervention
: In this assignment, students will pull together the capstone project change proposal components they have been working on throughout the course to create.
|
Determine the increase or decrease in the cost
: Determine the increase or decrease in the cost per equivalent unit from April to May for direct materials and conversion costs
|