Cost data In process beg Cost from preceding dept P1,130 Materials P800 1,800 Labor 1,200 3,200 Overhead 1,000 2,000 Current cost Cost from preceding dept P? Materials P2,800 5,580 Labor 4,200 5.000 Overhead 3,320 2.100 JYD Company uses two departments to produce a detergent. It uses the weighted average process costing and has just completed the production for the month of April. Relevant data for its two departments follow: Mixing Department Finishing Department Quantity Work in process, beg 1,000 900 Stage of completion 50% 50% Started in process 3,000 -0- Transferred to next department 3,500 3,800 Work in process-End 500 600 Stage of completion 20% 50% Cost data In process beg P1.130 Cost from preceding dept P800 1,800 Materials 1.200 3,200 Labor 1,000 2,000 Overhead Current cost P? Cost from preceding dept P2,800 5,580 Materials 4.200 5,000 Labor

Q: Manufacturing Overhead is a(n)__. a. Equity b. sub-account. c. Liability d. Asset

A: Manufacturing overhead, also known as factory overhead or indirect production costs, refers to the…

Q: Which of the following is the step in which materials, labor, and overhead are detailed?

A: Direct material is the cost of the raw materials or parts that go directly into the production of a…

Q: the calculation of the equivalent unit is based on ......... of a production process

A: Equivalent units of production: Equivalent units refer to the total amount of work done on the…

Q: how do I make a cost of production report?

A:

Q: costing concentrates on managing costs by making as many small savings as possible. ...

A: 1. The correct answer is: (A) Kaizen    Kaizen costing is a cost management technique used to…

Q: 4. By reference to the above data, explain the concept of equivalent units in process costing.

A: In process costing, some units may have fully finished but other units may still be under…

Q: How do you get total of period cost?

A: Period Costs are not directly associated with the finished products manufactured, rather associated…

Q: Define unit cost of a job.

A: Cost:   It is the economic value incurred by an organization for manufacturing the products or…

Q: How do you calculate the predetermined overhead rate do you have an example

A: An allocation rate used to estimate the manufacturing costs is termed as predetermined overhead…

Q: actors affecting the classification of a cost as direct or indirect include: OA. cost behaviour…

A: Direct Cost:- Costs that are directly related to the production of goods are called direct costs…

Q: explain the concept of equivalent units in cost accounting

A: In process costing, some units may have fully finished but other units may still be under…

Q: How do I calculate the overhead allocations?

A: Cost allocation: Cost allocation is a process of assigning or allocating indirect costs to each and…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.