A company produces two products, A and B, that go through a three-step sequence of fabrication, assembly, and packaging. Processing requirements for the departments (hours per unit) are: Product B Day A Department capacities are all 7 hours per day. The following production schedule is for the next three days: Mon Tues 5 4 3 Job Start Day Mon Fabrication 1.0 1.5 Tue Wed Wed 3 a. Develop, for each department and day, the capacity requirements for each product and the total load for each day. Ignore changeover time between A and B. Evaluate the projected loads for each day. (Round the final answers to 1 decimal place.) O No O Yes 1 Product B Assembly 1.0 1.0 A b. Is the schedule feasible? Packaging 1.0 2.0 Fabrication Labor Assembly Labor Packaging Labor

A company produces two products, A and B, that go through a three-step sequence of fabrication, assembly, and packaging. Processing requirements for the departments (hours per unit) are: Product B Day A Department capacities are all 7 hours per day. The following production schedule is for the next three days: Mon Tues 5 4 3 Job Start Day Mon Fabrication 1.0 1.5 Tue Wed Wed 3 a. Develop, for each department and day, the capacity requirements for each product and the total load for each day. Ignore changeover time between A and B. Evaluate the projected loads for each day. (Round the final answers to 1 decimal place.) O No O Yes 1 Product B Assembly 1.0 1.0 A b. Is the schedule feasible? Packaging 1.0 2.0 Fabrication Labor Assembly Labor Packaging Labor

Name: A company produces two products, A and B, that go through a three-ste
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Description: A company produces two products, A and B, that go through a three-step sequence of fabrication, assembly, and packaging.Processing requirements for the departments (hours per unit) are:ProductBDayADepartment capacities are all 7 hours per day. The f

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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added when the units are one-half completed. Labor and factory overhead are applied evenly during the process. Make the following computations for each case: a. Unit cost of materials, labor, and factory overhead for the month b. Cost of the units finished and transferred during the month Cost of the units in process at the end of the month C. E6-4 Calculating equivalent units Conte Chemnical Co. uses the weighted average cost method. All materials are added at the start of the production process. Labor and overhead are added evenly at the same rate throughout the process. Conte's records indicate the following data for May: Beginning work in process, May 1 (50% completed). Started in May..... 1,000 units 5,000 units Completed and transferred 4,000 units Ending work in process, on May 31, is 75% completed as to labor and factory overhead. Make the following calculations: a. Equivalent units for direct materials b. Equivalent units for labor and overhead (Hìnt first determine the ending…
Massey Corporation uses a process cost system and the weighted average cost flow method. Production begins in the Fabricating Department where materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. On March 1, the beginning work in process inventory consisted of 20,000 units which were 60% complete and had a cost of P190,000, P145,000 of which was materials cost. During March, the following occurred: Materials added P305,000 Conversion costs incurred P120,000 Units completed and transferred out in March 50,000 Units in ending work in process March 31 (20% complete) 25,000 Instructions Answer the following questions and show the computations that support your answers. 1. What are the equivalent units of production for materials costs in the Fabricating Department for the month of March? 2. What are the costs assigned to the ending work in process inventory on March 31? 3.…
The debits to Work in Process-Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units Conversion costs, 3,000 units, 40% completed Materials added during April, 10,000 units Conversion costs during April Goods finished during April, 12,000 units April 30 work in process, 1,000 units, 40% completed All direct materials are added at the beginning of the process, and the first-in, first-out cost flow method is used. The conversion cost per equivalent unit for April is Oa. $2.77 Ob. $3.10 $7,144 5,550 25,266 30,977 Oc. $2.38 Od. $2.69
The Madalilangto Ink Company prepared the following table for the year 2019: Production Service Departments Departments V Rent 250,000 770,000 15,000 23,000 9,500 14,500 7,000 Repairs 100,000 120,500 30,000 7,500 Fuel 350,000 420,000 7,000 6,000 145,000 97,500 Indirect Labor 157,500 170,000 100,000 1. Indirect 61,000 56,500 127,000 94,500 60,000 Materials Heat and Light 151,200 71,300 50,500 Following is the result of the factory survey regarding service departments: [A] Department U services G, V, and W in the ratio of 2:1:1, respectively; [B] Department V services Department H, G, U, and W in the ratio of 4:3:2:1, respectively; [C] Department W services Department H and G in the ratio of 3:1, respectively. 202,500 94,000 60,000 9,000 6,000 7,500 3,000 Depreciation Miscellaneous 1,500 500 2,000 500 500 a. Compute for the total Factory overhead cost of H Department, if the company uses the step method in allocating service department costs and distributes the cost of Department U…
Eclypso Inc. manufactures a product that passes through two processes: mixing and molding. All manufacturing costs are added uniformly in the mixing department. Information for the mixing department for October is as follows: Work in process, October 1: No. of units (45% complete) 7,200 Direct materials $42,000 Direct labor $50,400 Overhead $14,400 During October, 38,400 units were completed and transferred to the molding department. The following costs were incurred by the mixing department during October: Direct materials $144,000 Direct labor $192,000 Overhead $ 60,000 By October 31, 3,600 units that were 85% complete remained in the mixing department. Eclypso uses the weighted average method. Which of the following would be Eclypso's cost of goods that was transferred to the molding department during October? (Note: Round your calculation to two decimal places and the final answer to the nearest whole dollar.) Oa, $261,050 Ob, $294,000
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.
Atoz company's product is manufactured in two departments. Units are inspected at the end of the production process in the first department. Data related to the month of may are: WIP beginning( 60% materials, 35% labor, and 25% factory overhead) 1,000 units; started in process this period, 9,000 units; Work in process end (100% materials, 75% labor and 50% Factory overhead) 1,500 unitsm Cost data follows: work in process beginning materials 1,260 labor 770 factory overhead 1,400; cost this month materials 36,240 labor 10,780 and factory overhead 21,725. Compute for the total cost transferred to the next department using FIFO.
a. Determine the number of units transferred to the next department. b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places. Cost per equivalent unit of direct materials Cost per equivalent unit of direct materials c. Determine the cost of units started and completed in November.
How much is the cost per equivalent unit for the month using Average costing? *
Use this information about the Assembly Department to answer the question that follows. The debits to Work in Process-Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $ 7,500 Conversion costs, 3,000 units, 80% completed 6,000 Materials added during April, 10,000 units 29,000 Conversion costs during April 35,000 Goods finished during April, 11,500 units — April 30 work in process, 1,500 units, 60% completed — All direct materials are added at the beginning of the process, and the average cost method is used to cost inventories. The cost per equivalent unit for April is a.$2.70 b.$6.74 c.$6.25 d.$6.40
1. For a company that uses process costing, Processing Department C had the following information for the most recent month: Beginning inventory for the month contained 12,000 units that were 30 percent complete with respect to materials. During the month, 80,000 units were completed and transferred out. Ending inventory was 6,000 units, 60 percent complete with respect to materials. What would be the weighted average equivalent units of production for materials for the month? 2. For a company that uses process costing, Processing Department F had the following information for the most recent month: Units Beginning Work-in-Process Inventory (40 percent complete) 5,000 Units started during the month 18,000 Ending Work-in-Process Inventory (10 percent complete) 4,000 Materials and conversion are incurred uniformly throughout the process. What would be the equivalent units of production for conversion when using the weighted average costing method? 3. New Method Company uses a process…
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 12,200 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Beginning work in process inventory. Units started this period Units completed and transferred out Ending work in process inventory Cost of beginning work in process Direct materials Conversion Costs added this month Direct materials Conversion Cost per Equivalent Unit of Production Costs added this period Costs of beginning work in process Total costs + Equivalent units of production Cost per equivalent unit of production Units 3,000 12,200 10,000 5,200 Direct Materials $ Percent. Complete for Direct Materials 70% $ 1,484 804 12,936 16,926 85% Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the weighted average method. 1,484 1,484 $ $ 2,288…