View Policies Current Attempt in Progress At Sunland Company, there are 910 units of ending work in process that are 100% complete as to materials and 40% complete as to conversion costs. If the unit cost of materials is $3 and the total costs assigned to the 910 units is $6,734, what is the per unit conversion cost? (Round answer to 2, decimal places, es. 2.25.) Per unit conversion cost $ eTextbookand Media Attempts: 0 of 2 used

View Policies Current Attempt in Progress At Sunland Company, there are 910 units of ending work in process that are 100% complete as to materials and 40% complete as to conversion costs. If the unit cost of materials is $3 and the total costs assigned to the 910 units is $6,734, what is the per unit conversion cost? (Round answer to 2, decimal places, es. 2.25.) Per unit conversion cost $ eTextbookand Media Attempts: 0 of 2 used

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

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urrent Attempt in Progress Bramble and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 11700 units of ending work in process at 70% completion and 32200 physical units. There are no beginning units in the department. Conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period? 8190. O 43900. 28690. 46000. e Textbook and Media
Question 1: Assume the following information pertaining to Star Company: Prime costs $ 202,000 Conversion costs 235,000 Direct materials used 89,900 Beginning work in process 104,300 Ending work in process 83,800 Total manufacturing cost is calculated to be: Multiple Choice $324,900. $33,000. $112,100. $347,100. $122,900.
Part B: Assuming Wildhorse uses the FIFO method of process costing, complete Step 4 to determine its cost per equivalent unit for both DM and conversion costs. (Round cost per equivalent unit answers to 2 decimal places, e.g. 15.25.) DM Conversion Costs Total equivalent units of work done this period (FIFO) 29,000 26,000 STEP 4 Calculate Cost Per Equivalent Unit DM Conversion Cost select an item Correct answer $enter a dollar amount Correct answer $enter a dollar amount Correct answer select an item Correct answer enter a number of unitsCorrect answer enter a number of unitsCorrect answer select a closing name Correct answer $enter a dollar amount rounded to 2 decimal places $enter a dollar amount rounded to 2…
PROBLEM 24: Cost of Production Report (Continuous) RMG Corporation has the following information for the current month: Units started 175,000 35,000 units Beginning Work in Process: (65% to be done) Total spoilage Spoilage within tolerance level Ending Work in Process: (20% incomplete) units 14,875 units units 6,125 25,375 units Transferred out ? units
Cost per equivalent unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $3,397,000. The conversion cost for the period in the Rolling Department is $114,425. The total equivalent units for direct materials and conversion are 4,300 tons and 995 tons, respectively. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet Determine the direct materials and conversion costs per equivalent unit. Round your answers to the nearest dollar. Direct materials cost per equivalent unit: $ Conversion cost per equivalent unit: per ton per ton 4
View Policies Current Attempt in Progress Boswell Company manufactures two products, Regular and Supreme. Boswell's overhead costs consist of machining, $1400000; and assembling, $700000. Information on the two products is: Regular Supreme Direct labor hours 10000 15000 Machine hours 10000 30000 Number of parts 90000 160000 Overhead applied to Regular using activity-based costing is O $1260000. O $1498000. O $602000. O $840000. Save for Later Attempts: 0 of 1 used Submit Answer
Question Content Area Compute conversion costs given the following data: direct materials, $376,200; direct labor, $200,400; factory overhead, $179,400 and selling expenses, $48,400. a. $555,600 b. $131,000 c. $756,000 d. $379,800
r田 1/1 ageNOWv2 | Online teachirs X n/ilrn/takeAssignment/takeAssignmentMan.uo?invoker=&takeAssignmentSessionLocator=&inprogress=false eBook Mazomanie Farm completed 23,000 units during the quarter and has 2,600 units still in process. The units are 100% complete with regard to materials and 55% complete with regard to conversion costs. What are the equivalent units for materials and conversion? Equivalent Units of Materials Equivalent Units of Conversion
Use the following data from a company using a process costing system to answer the question below. Conversion cost per equivalent unit for materials $2.50 Cost per equivalent unit for conversion $3.75 Beginning inventory costs $1, 200 Equivalent units for beginning inventory conversion 2, 400 Equivalent Units started and completed for both materials and conversion 10,000 Compute cost of good manufactured A. $10, 200 B. $72, 700 C. $71,500 D. $62, 500
Preparation of Process Accounts (Without process losses and no WIP) Practice Problem 1 Following figures show the cost of a product which passes through three processes. In January 2020, 1000 units were produced. Prepare the process accounts and find out cost per unit of each process. Particulars Process I (in RO) Process II (in RO) Process III (in RO) Raw Materials 50,000 30,000 20,000 Wages 30,000 25,000 25,000 Direct Expenses 7,000 3,000 5,000 Overhead expenses were RO 12,000 and it should be apportioned on the basis of wages.
The following department data are available: Total materials costs OMR 180,000 Equivalent units of materials 60,000 Total conversion costs OMR 105,000 Equivalent units of conversion costs 30,000 What is the total manufacturing cost per unit? Select one: O a. OMR 3.50. O b. OMR 6.90. Oc. OMR 3.00. Od. None of the answers are correct, moodle.asu.edu.om/mod/quiz/attem Oe. OMR 4.75. 直

Company XYZ has total prime cost of $12,000 and total conversion cost of $24,000. Assume that manufacturing overhead cost is five times the direct labor cost how much is the direct materials cost Select one: O a. 8,000 O b.4.000 O C. None of the given answers O d. 12.000 O e. 20,000