Solution-What is the total cost to be accounted for

What is the total cost to be accounted for

Assignment Help Cost Accounting

Reference no: EM13342515

Problem

Base your answer on the data from Paxton, Inc. for March. Paxton uses the average costing method.

Paxton, Inc. for March
Quantity				Costs	Beginning Work in Process			Current Month
Work in Process-Beginning			24,000	Materials		$50,000	$180,000
Started in Production-Current Month			176,000	Labor		11,460	110,780
Transferred Out to Finished Goods				Overhead		3,820	40,110
Joint Product No. 1			100,000	Total		$65,280	$330,890
Joint Product No. 2			70,000
Work in Process-Ending			30,000
Stage of Completion of Beginning Work in Process Ending Work in Process
Materials	100% 100%
Labor	60% 70%
Overhead	60% 70%
Sales Value
Joint Product No. 1		$2.00 per unit
Joint Product No. 2		$4.00 per unit

Additional Completion Costs
Joint Product No. 1		$0.30 per unit
Joint Product No. 2		-0-

What are the equivalent production units for materials, labor, and overhead, respectively?

What is the total cost to be accounted for?

What are the unit costs of materials, labor, and overhead, respectively?

What is the total cost transferred out?

Reference no: EM13342515

Questions Cloud

Determine the density of the rock : A rock is suspended from a scale reads 20.0 N. A beaker of water is raised up so the rock is totally submerged in the water. What is the density of the rock

Explain the bonding and bond order in h2 : Consider the bonding and bond order in H2 +, H2, He2 +, and He2 to explain the bondlengths of 106 pm, 74 pm, 108 pm, ~6000 pm, respectively.

What is the after-tax cost of debt financing : What is the after-tax cost of debt financing and KKOL., Inc has just issued a 10-year $1,000.00 par value, 10% annual coupon bond for a net price of $964.00.

What is the speed of sound in the atmosphere of arrakis : On the planet Arrakis, a male ornithoid is flying toward his stationary mate at 24.0m/s while singing at a frequency of 1190Hz. what is the speed of sound in the atmosphere of Arrakis

What is the total cost to be accounted for : Base your answer on the data from Paxton, Inc. for March. Paxton uses the average costing method.

Define circle the one with the indicated characteristic : From each pair of compounds, circle the one with the indicated characteristic. Explain your choice. more basic: 4-nitroaniline or 4-methoxyaniline

Investigation study through the productivity commission : Investigation study through the Productivity commission highlights a few gatherings not sure what gatherings mean?

What is the mass of the fish : A vertical scale on a spring balance reads from 0 to 160N . The scale has a length of 11.5cm from the 0 to 160N reading. what is the mass m of the fish

The character of the gain to be reported by barbara : Determine the amount and the character of the gain to be reported by Barbara

User Account

All Pages

What is the total cost to be accounted for

Reference no: EM13342515

Reference no: EM13342515

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT