4 8.33 points eBook Print References Exercise 6-36 (Algo) Process Costing (LO 6-1) Bremen Fitness Products produces a sports drink. On October 1, it had no work-in-process inventory. It started production of 13,400 cases of the drink in October and shipped 10,000 cases to retailers. (Bremen holds no finished goods inventory.) The costs of the resources used by Bremen in October consist of the following. Materials Conversion costs (labor and overhead) $ 87,523 237,715 Required: The production supervisor estimates that the ending work in process is 55 percent complete on October 31. Compute the cost of cases shipped and the amount in work-in-process ending inventory as of October 31. Note: Do not round intermediate calculations. Cost of cases shipped Work-in-process ending inventory

4 8.33 points eBook Print References Exercise 6-36 (Algo) Process Costing (LO 6-1) Bremen Fitness Products produces a sports drink. On October 1, it had no work-in-process inventory. It started production of 13,400 cases of the drink in October and shipped 10,000 cases to retailers. (Bremen holds no finished goods inventory.) The costs of the resources used by Bremen in October consist of the following. Materials Conversion costs (labor and overhead) $ 87,523 237,715 Required: The production supervisor estimates that the ending work in process is 55 percent complete on October 31. Compute the cost of cases shipped and the amount in work-in-process ending inventory as of October 31. Note: Do not round intermediate calculations. Cost of cases shipped Work-in-process ending inventory

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Description: 48.33pointseBookPrintReferencesExercise 6-36 (Algo) Process Costing (LO 6-1)Bremen Fitness Products produces a sports drink. On October 1, it had no work-in-process inventory. It started production of 13,400cases of the drink in October and shipped

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Make-or-Buy, Traditional Analysis Wehner Company is currently manufacturing Part ABS-43, producing 59,400 units annually. The part is used in the production of several products made by Wehner. The cost per unit for ABS-43 is as follows: Direct materials $44.35 Direct labor 9.45 Variable overhead 2.50 Fixed overhead 3.65 Total $59.95 Of the total fixed overhead assigned to ABS-43, $11,939 is direct fixed overhead (the annual lease cost of machinery used to manufacture Part ABS-43), and the remainder is common fixed overhead. An outside supplier has offered to sell the part to Wehner for $56.14. There is no alternative use for the facilities currently used to produce the part. No significant non-unit-based overhead costs are incurred. Required: 1. Should Wehner Company make or buy Part ABS-43?Wehner should the part. This will produce total cost savings of $ 2. What is the maximum amount per unit that Wehner would be willing to pay to an outside supplier? Round your…
Exercise 6-36 (Algo) Process Costing (LO 6-1) Bremen Fitness Products produces a sports drink. On October 1, it had no work-in-process inventory. It started production of 10,200 cases of the drink in October and shipped 8,400 cases to retailers. (Bremen holds no finished goods inventory.) The costs of the resources used by Bremen in October consist of the following. Materials Conversion costs (Labor and overhead) $ 87,523 162,251 Required: The production supervisor estimates that the ending work in process is 55 percent complete on October 31. Compute the cost of cases shipped and the amount in work-in-process ending inventory as of October 31. Note: Do not round intermediate calculations. Cost of cases shipped Work-in-process ending inventory
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