Reference no: EM132438232
Problem: A Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the Packaging Department, the balls are placed in cartons and sent to the fi nished goods warehouse. All materials are entered at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2017 are presented below.
Production Data June Beginning work in process units -0- Units started into production 22,000 Ending work in process units 2,000 Percent complete-ending inventory 40%
Cost Data Materials $198,000 Labor 53,600 Overhead 112,800 Total $364,400
Instructions
(a) Prepare a schedule showing physical units of production.
(b) Determine the equivalent units of production for materials and conversion costs.
(c) Compute the unit costs of production.
(d) Determine the costs to be assigned to the units transferred out and in process for June.
(e) Prepare a production cost report for the Molding Department for the month of June
Prepare yeah? production budget for january and february
: March sales are expected to be 2,320 units. Prepare Yeah?'s production budget for January and February.
|
Involvement in management accounting practices
: Explain any FIVE (5) perceived barriers to management accountants' involvement in management accounting practices for sustainable development activities.
|
Industry experts believe blockchain is technology
: Industry experts believe blockchain is a technology that has the potential to affect the business of most IT professionals in the next five years.
|
Journalize the transactions of schrager company
: Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $4,200, Work in Process-Cutting $2,900
|
Prepare a schedule showing physical units of production
: (a) Prepare a schedule showing physical units of production. (b) Determine the equivalent units of production for materials and conversion costs.
|
Compute the current break-even point in units
: Compute the current break-even point in units, and compare it to the break-even point in units if Mary's ideas are used.
|
Determine the contribution margin in dollars
: Determine the contribution margin in dollars, per unit, and as a ratio. Using the contribution margin technique, compute the break-even point in dollars and in
|
Design backup plan and procedure
: Design a backup plan and procedure. Describe the equipment recommended and explain why you selected this equipment:
|
Prepare a contribution-margin-based income statement
: Question - Variable Costs, Contribution Margin, Contribution Margin Ratio. Prepare a contribution-margin-based income statement for Super-Tees Company
|