Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Gasson Company uses the weighted-average method in its process costing system. The company's ending work in process inventory consists of 11,000 units, The ending work in process inventory is 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the costs per equivalent unit for the period $3.50 for the materials and $1.50 for labor and overhead, what is the balance of the ending work in process inventory account would be: (Do not round Cost per equivalent unit)
$55,000
$48,400
$39,900
$38,000
Part B
Heller Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory
550
Materials costs
$5,900
Conversion costs
$5,200
Percent complete with respect to materials
65%
Percent complete with respect to conversion
30%
Units started into production during the month
18,900
Units transferred to the next department during the month
17,500
Materials costs added during the month
$193,869
Conversion costs added during the month
$336,499
Ending work in process inventory:
Units in ending work in process inventory
1,950
60%
20%
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed.
The total cost transferred from the first processing department to the next processing department during the month is closestto.
$560,610
$530,031
$521,500
$536,431
Part C
650
$4,000
$2,500
14,300
13,400
$160,795
$241,538
1,550
The cost of ending work in process inventory in the first processing department according to the company's cost system is closestto: (Round your cost per equivalent unit answers to 2 decimal places.)
$16,213
$40,394
$11,062
$24,750
Prepare a report for the Packett Packaging Pty Ltd management team that provides analysis of their performance against their budget for 2009/2010 financial year.
Simmons Inc. applies overhead to production at a predetermined rate of 90% based on direct labor cost. Job No. 250, the only job still in process at the end of August, has been charged with manufacturing overhead of $7,200. What was the amount of dir..
How much cash is received? How much is Bonds Payable? What is the difference between a and b called and how much is it?
Would Collison's comments provide a justification for moves towards profit measures that incorporate ‘full costs' (considers the externalities of business)?
Company looking to build ship. Estimates of project are. Ship will take 3 years to build. Ship will generate total revenue of $45million paid, in equal instalments of $15million, over 3 years (payments received at the end of each year).
Why is identification of a relevant range important? The relevant range of activity refers to what? Fixed costs are $750,000 and the variable costs are 75% of the unit selling price. What is the break-even point in dollars? Cost-volume-profit analysi..
Prepare a report on the financing and dividend decision/behavior of any listed manufacturing company. Take past 5 year data for your analysis. (NOTE: Calculate and analyze relevant ratios)
Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why?
Critically discuss the opinion of the chief financial officer and the concerns and initial recommendations of the board of directors regarding the surplus cash position of Health Products Ltd and discuss the strategic and financial issues to be con..
What are monitoring activities - design a monitoring activity that would achieve this assurance objective.
Describe the role of managerial accounting in your current or former place of business. If you have not been employed by a company that uses managerial accounting.
mr.arvind has good amount of savings he wanted to start a business which can give him a good margin of profit. he
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd