Reference no: EM132806057
Question - Kansas Supplies is a manufacturer of plastic parts that uses the weighted-average process costing method to account for costs of production. It produces parts in three separate departments: Molding, Assembling, and Packaging. The following information was obtained for the Assembling Department for the month of April.
Work in process on April 1 had 109,000 units made up of the following.
Amount Degree of Completion
Prior department costs transferred in from the Molding Department $150,420 100%
Costs added by the Assembling Department
Direct materials $ 87,200 100%
Direct labor 40,518 70%
Manufacturing overhead 18,006 50%
$145,724
Work in process, April 1 $ 296,144
During April, 509,000 units were transferred in from the Molding Department at a cost of $702,420. The Assembling Department added the following costs.
Direct materials $390,480
Direct labor 189,962
Manufacturing overhead 105,144
Total costs added $ 685,586
Assembling finished 409,000 units and transferred them to the Packaging Department.
At April 30, 209,000 units were still in work-in-process inventory. The degree of completion of work-in-process inventory at April 30 was as follows.
Direct materials 90%
Direct labor 80
Manufacturing overhead 40
Required - Prepare production cost report using FIFO.
|
Write a description about a memorable experience
: Write a description about a memorable experience working with a team. Examine any strengths and barriers to the teamwork you described using the following.
|
|
Employee motivation impact organizational behavior
: How does employee motivation impact organizational behavior? Provide details.
|
|
Estimate Beta for whole period
: Estimate Beta for whole period and for 2018, 2019 and 2020. Compare the betas and see if Beta's remain constant or are time dependent
|
|
Difference between forecasting and prediction
: Discuss the difference between forecasting and prediction? Can you think of examples of each to support your definition?
|
|
Prepare production cost report using FIFO
: During April, 509,000 units were transferred in from the Molding Department at a cost of $702,420. Prepare production cost report using FIFO
|
|
Characteristics of team in the forming stage
: What were the characteristics of the team in the forming stage? Did your team progress to advanced stages and, if so, what changes occurred?
|
|
Encourage adherence to data security protocols
: A researcher proposes a qualitative case study with the purpose of exploring leadership strategies that encourage adherence to data security protocols.
|
|
What amount should be shown in leopard balance sheet
: To the nearest dollar, what amount should be shown in Leopard's balance sheet at December 31, 2018, net of accumulated depreciation, for this machine
|
|
Liberation movement and feminist activism successful
: Part of what made the 1970s women's liberation movement and feminist activism successful was the way it spread so widely across the United States
|