Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,000 units during November. The following production activity in both units and costs refers to the Assembly department's November activities.
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
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Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 11,000
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 of beginning work in process
Costs added this period
Total costs
→ Equivalent units of production
Cost per equivalent unit of production
Units
2,500
11,000
9,500
4,000
$
Direct Materials
$
Percent
Complete for
Direct
Materials
60%
$ 1,230
510
14, 250
15,840
85%
1,230 $
14,250
15,480 $
QS 16-11 (Algo) Weighted average: Cost per EUP LO P1
Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the
weighted average method.
Conversion
$ 1,740
30,090
You received partial credit in the previous attempt.
510
15,840
16,350
Percent
Complete for
Conversion
40%
35%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6a7a3fbd-e931-49bd-9345-1a643d111701%2F47de8aa4-e29a-4197-bceb-3b34608b5f42%2Fn21b7_processed.jpeg&w=3840&q=75)
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