27. LO.2 (WA EUP; cost per WA EUP) BeGone manufactures spray cans of insect repel- lent. On August 1,2010, the company had 9,800 units in the beginning WIP Inventory that were 100 percent complete as to canisters, 60 percent complete as to other mate- rials, 40 percent complete as to direct labor, and 20 percent complete as to overhead. During August, BeGone started 81,500 units in the manufacturing process. Ending WIP Inventory included 4,600 units that were 100 percent complete as to canisters, 40 percent complete as to other materials, 20 percent complete as to direct labor, and 10 percent complete as to overhead. Cost information for the month is as follows: Beginning WIP Inventory Canisters $ 6535 6,174 6,431 1,070 Other direct materials Direct labor Overhead August costs Canisters 61,940 Other direct materials 86,793 Direct labor 81,189 Overhead 160,176 Prepare a schedule showing the BeGone August 2010 computation of weighted aver- age equivalent units of production and cost per equivalent unit.

27. LO.2 (WA EUP; cost per WA EUP) BeGone manufactures spray cans of insect repel- lent. On August 1,2010, the company had 9,800 units in the beginning WIP Inventory that were 100 percent complete as to canisters, 60 percent complete as to other mate- rials, 40 percent complete as to direct labor, and 20 percent complete as to overhead. During August, BeGone started 81,500 units in the manufacturing process. Ending WIP Inventory included 4,600 units that were 100 percent complete as to canisters, 40 percent complete as to other materials, 20 percent complete as to direct labor, and 10 percent complete as to overhead. Cost information for the month is as follows: Beginning WIP Inventory Canisters $ 6535 6,174 6,431 1,070 Other direct materials Direct labor Overhead August costs Canisters 61,940 Other direct materials 86,793 Direct labor 81,189 Overhead 160,176 Prepare a schedule showing the BeGone August 2010 computation of weighted aver- age equivalent units of production and cost per equivalent unit.

Name: 27. LO.2 (WA EUP; cost per WA EUP) BeGone manufactures spray cans of
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: 27. LO.2 (WA EUP; cost per WA EUP) BeGone manufactures spray cans of insect repel-lent. On August 1,2010, the company had 9,800 units in the beginning WIP Inventorythat were 100 percent complete as to canisters, 60 percent complete as to other mate-

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

(b) Compute the total overhead variance. Total overhead variance $ LA
jj
Leeds Corp. produces product BR500. Shamokin expects to sell 10,000 units of BR500 and to have an ending finished inventory of 2,000 units. Currently, it has a beginning finished inventory of 800 units. Each unit of BR500 requires two labor operations, one labor hour of assembling and two labor hours of polishing. The direct labor rate for assembling is $10 per assembling hour and the direct labor rate for polishing is $12.50 per polishing hour. The expected number of hours of direct labor for BR500 for this period are O 8,800 hours of assembling; 17,600 hours of polishing O 11,200 hours of assembling: 22,400 hours of polishing 17,600 hours of assembling: 8,800 hours of polishing O 22,400 hours of assembling: 11,200 hours of polishing
Hardev
Jay-Zee Company makes an in-car navigation system. Next year, Jay-Zee plans to sell 19,000 units at a price of $340 each. Product costs include: Direct materials $71.00 Direct labor $41.00 Variable overhead $10.00 Total fixed factory overhead $584,800 Variable selling expense is a commission of 4 percent of price; fixed selling and administrative expenses total $98,600.
Sleep Tight manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $37,000, $30,000 and $27,000 respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $43,000, $35,000 and $22,000 respectively. Direct material purchases were $555,000. Direct labor was $250,000 for the year. Factory overhead was $143,000. Prepare a cost of goods sold budget for Sleep Tight, Inc. Sleep Tight, Inc. Cost of Goods Sold Budget For the Year Ending December 31 Finished goods inventory, January 1 $fill in the blank 1 Work in process inventory, January 1 $fill in the blank 2 Direct materials: Direct materials, January 1 $fill in the blank 3 Direct materials purchases fill in the blank 4 Cost of direct materials available for sale $fill in the blank 5 Less direct materials inventory, December 31 fill in the blank 6 Cost of direct materials…
Ceder Company has compiled the following data for the upcoming year: Sales are expected to be 16,000 units at $52 each. Each unit requires 4 pounds of direct materials at $2.40 per pound. Each unit requires 2.1 hours of direct labor at $13 per hour. Manufacturing overhead is $4.90 per unit. Beginning direct materials inventory is $5,400. Ending direct materials inventory is $6,950. Selling and administrative costs totaled $138,720. Determine Ceder's budgeted cost of goods sold. Complete Ceder's budgeted income statement.
P2-10 Volka Food & Co makes customized products including drinks and had three (3) drinks production orders at the end of June 2015: Orange Drink, Cola Drink, and Soda water. Material costs for Orange Drink and Soda water were P400 and P200. Direct labor costs per batch were P150 and P350 for Orange Drink and Cola Drink, respectively and P550 in total. Overhead is applied at the rate of 40% of direct materials costs. Total coste the Cola Drink batch were P950. Required: Calculate the balance of work in process at the end of June 2015.
Sherman Manufacturing Company currently manufactures a component used in one of its products. The annual production costs for 11,300 components are as follows: Material cost Labor cost Overhead Batch-level set-up costs for year Product-level manager's salary Allocated facility-level costs $ 7 per unit $ 3 per unit $ 1 per unit $ 5,700 $ 17,700 $ 11,700 An outside company has offered to supply 11,300 units of the component for $14.40 each. If the company outsources the component, it will be able to rent out the idle factory space for $2,000 per month but will not terminate the product manager. Required: a. Which items are not relevant to this outsourcing decision? b. Identify any opportunity costs associated with this decision. c. Prepare a quantitative analysis that indicates whether the component should be outsourced. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare a quantitative analysis that indicates whether the component…
Terminator, Inc., manufactures a motorcycle part in lots of 350 units. The raw materials cost for the part is $170, and the value added in manufacturing 1 unit from its components is $320, for a total cost per completed unit of $490. The lead time to make the part is 2 weeks, and the annual demand is 3,800 units. Assume 50 working weeks per year. a. How many units of the part are held, on average, as cycle inventory? nothing units. (Enter your response as an integer.) What is its value? $nothing. (Enter your response as an integer.) b. How many units of the part are held, on average, as pipeline inventory? nothing units. (Enter your response as an integer.) What is its value? $nothing. (Enter your response as an integer.)
Company XYZ is currently producing and selling 100 units. At this level, the total direct materials cost is $500, the total direct labor cost is $600 and the total manufacturing overhead cost is $1,200, which includes $800 fixed manufacturing overhead cost. The company's total selling and administrative expenses are $2,500, which include $1,500 fixed selling and administrative costs. Assume that the company wishes to increase the number of units produced and sold to 102 units, what would be the incremental cost? (rounded to nearest ($) value) О а. 46 Оь. 25 None of the given answers O d. 50 O e. 30
Sleep Tight, Inc., manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $38,000, $32,000, and $25,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $42,000, $35,000, and $19,000, respectively. Direct materials purchases were $565,000, direct labor was $212,000 for the year, and factory overhead was $159,000. Prepare a cost of goods sold budget for Sleep Tight, Inc. Sleep Tight, Inc.Cost of Goods Sold BudgetFor the Year Ending December 31 Finished goods inventory, January 1 $fill in the blank 1 Work in process inventory, January 1 $fill in the blank 2 Direct materials: Direct materials, January 1 $fill in the blank 3 Direct materials purchases fill in the blank 4 Cost of direct materials available for sale $fill in the blank 5 Direct materials inventory, December 31 fill in the blank 6 Cost of direct…