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The following information pertains to Oklahoma Co.'s Tulsa Division for the month of April:
Units Materials
Beginning Work-in-Process 15,000 $5,500
Started in April 40,000 $18,000
Units completed 42,500
Ending Work-in-Process 12,500
Problem 1: All materials are added at the beginning of the process. Using the weighted-average method, the cost per equivalent unit of materials is:
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Compute and analyze the variances for all the manufacturing cost elements. On August 1, Rosa Co. had work in process inventory of 1,500 units
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