Zou compnay manufactures bowling balls through two

Assignment Help Accounting Basics
Reference no: EM13613131

Zou Compnay 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 finished 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 2012 are presented below. Production Data June Beginning work in process units 0 Units started into production 20,000 Ending work in process units 2,000 Percent complete- ending inventory 60% Cost Data June Materials 198,000 Labor 50,400 Overhead 112,800 Total 361,200

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 and in process for June.

E. Prepare a production cost report for the Molding Department for the month of June.

Reference no: EM13613131

Questions Cloud

The caltor company gathered the following condensed data : the caltor company gathered the following condensed data for the year ended december 31 2010 cost of goods sold 710000
A golf ball is struck with a five iron on level ground it : a golf ball is struck with a five iron on level ground. it lands 92.6 away 4.20 later. what was a the direction and b
Vinegar is a solution of acetic acid dissolved in water a : vinegar is a solution of acetic acid dissolved in water. a 5.54 g sample of vinegar was neutralized by 30.10ml of .100
Two-way anova between subjects anova is preformed when you : two-way anova between subjects anova is preformed when you havea. related samples in all cellsb. more than two level in
Zou compnay manufactures bowling balls through two : zou compnay manufactures bowling balls through two processes molding and packaging. in the molding department the
A car with an initial velocity of 40ms accelerates at a : 1. a car with an initial velocity of 4.0ms accelerates at a rate of 2.0 ms2 for 10.0s. how far does the car travel
Determine the temperature of the bottom plate and the ratio : consider two very large parallel plates. the bottom plate is warmer than the top plate which is held at a constant
Convert the following sat scores into new distributions : convert the following sat scores into new distributions with a mean of 50 and a standard deviation of 2.what new score
Identify any problem that you see in the companys standard : cabinets inc. is a large manufacturer of modular kitchen cabinets sold primarily to builders and developers. the

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd