5. The following data refer to the units processed by the Grinding Department for a recent month:Beginning WIP12,000 unitsUnits started200,000 unitsUnits completedEnding WIP192,000 units20,000 unitsThe beginning work-in-process was 60% complete, and the ending work-in-process is 70% complete.What are the EUP for the month?FIFOAverageFIFOAveragea.206,000198,800с.206,000206,000b.198,800206,000d.198,800198,800

Name: 5. The following data refer to the units processed by the Grinding De
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Description: 5. The following data refer to the units processed by the Grinding Department for a recent month:Beginning WIP12,000 unitsUnits started200,000 unitsUnits completedEnding WIP192,000 units20,000 unitsThe beginning work-in-process was 60% complete, and

Process costing: It is a type of costing method, where the direct costs are accumulated and indirect…

Business

Accounting

5. The following data refer to the units processed by the Grinding Department for a recent month: Beginning WIP 12,000 units Units started 200,000 units Units completed Ending WIP The beginning work-in-process was 60% complete, and the ending work-in-process is 70% complete. 192,000 units 20,000 units What are the EUP for the month? FIFO Average FIFO Average 206,000 a. 206,000 198,800 C. 206,000 b. 198,800 206,000 d. 198,800 198,800

5. The following data refer to the units processed by the Grinding Department for a recent month: Beginning WIP 12,000 units Units started 200,000 units Units completed Ending WIP The beginning work-in-process was 60% complete, and the ending work-in-process is 70% complete. 192,000 units 20,000 units What are the EUP for the month? FIFO Average FIFO Average 206,000 a. 206,000 198,800 C. 206,000 b. 198,800 206,000 d. 198,800 198,800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Level of Activity (Units Produced) Month Total Production Costs July $230,000 3,500 August 250,000 3,750 September 260,000 3,800 October 220,000 3,400 November 340,000 5,800 December 330,000 5,500 January 200,000 2,900 February 210,000 3,300 March 240,000 3,600 April 380,000 5,900 Мay 350,000 5,600 June 290,000 5,000 a) Determine the variable cost per unit and the fixed cost using the high-low method. b) What is the equation of the total mixed cost function? c) Prepare the scatter diagram and insert the trendline or line of best-fit. use a scale of 2 cm to represent 1,000 units on the x-axis § 2 cm to represent $50,000 on the y- axís. d) Using the line of best-fit, determine the company's fixed cost per month and the variable cost per unit. (use og 5,000 units.) e) Which of the two methods appear more appropriate? Explain your answer.
The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Level of Activity (Units Produced) Month Total Production Costs July $230,000 3,500 August 250,000 3,750 September 260,000 3,800 October 220,000 3,400 November 340,000 5,800 December 330,000 5,500 January 200,000 2,900 February 210,000 3:300 March 240,000 3,600 Аpril 380,000 5,900 Мay 350,000 5,600 June 290,000 5,000 a) Determine the variable cost per unit and the fixed cost using the high-low method. b) What is the equation of the total mixed cost function? c) Prepare the scatter diagram, clearly showing any outliers. d) Using the line of best-fit, determine the company's fixed cost per month and the variable cost per unit. (use o 5 5,000 units.) e) In view of the department's cost behaviour pattern, which of the two methods appear more appropriate? Explain your answer.
Q. 2: For the month of January 2022, the production control department of XYZ Inc., reported the following production data for Department 2: Transferred in from Department 1.. Transferred out to Department 3 In process at the end of January (with 1/3 material, ½ labor and FOH)... 60,000 units .52,000 units .6,000 units Page 1 of 2 The Cost Department collected these figures for Department 2: Unit cost for units transferred in from Department 1.. Material cost in Department 2. Labor cost in Department 2.. Factory Overhead.. 19.20 492,100 465,310 470,590 Required: Cost of Production Report of Department 2 for January 2022.
What would be the cost per equivalent unit for conversion costs for September? (Round off to three decimal places.)
2. Alloy Manufacturing Company has the following production data for selected months. Ending WIP Units Transferred Units Month Beginning WIP Percentage Complete 30 to out April May 3000 1000 4000 800 60 Compute the physical units of each department.
The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Total Production cost Lev)el of Activity (Units produce July $230,000 3,500 August 250,000 3,750 Septemer 260,000 3,800 October 220,000 3,400 November 340,000 5,800 December 330,000 5,500 January 200,000 2,900 February 210,000 3,300 March 240,000 3,600 April 380,000 5,900 May 350,000 5,600 June 290,000 5,000 a) Determine the variable cost per unit and the fixed cost using the high-low method.
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Current Attempt in Progress Production costs chargeable to the Sanding Department in July in Monty Company are $41,160 for materials, $14,700 for labor, and $12,740 for manufacturing overhead. Equivalent units of production are 29,400 for materials and 19,600 for conversion costs. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 15.25.) Unit costs $ Materials $ Conversion Costs
Assistants please with all workings. The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month Total ProductionCosts Level of Activity(Units Produced)July $230,000 3,500August 250,000 3,750September 260,000 3,800October 220,000 3,400November 340,000 5,800December 330,000 5,500January 200,000 2,900February 210,000 3,300March 240,000 3,600April 380,000 5,900May 350,000 5,600June…