components X are use Normal usage = 100 Minimum usage = 50 Maximum usage = 15 Re- order Quantity X:4 to 6 weeks Re - Required: Re - order level B. Minimum level
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- Assuming a FIFO method of process costing, compute the cost per EUP for ConversionProduct A В Selling price per unit $ 96.20 $ 78.00 $ 86.40 Direct materials $ 41.90 $ 43.50 $ 51.90 Direct labor $ 30.20 $ 13.90 $ 12.10 Variable manufacturing overhead $ 5.80 $ 4.70 $ 5.70 Variable selling cost per unit $ 6.50 $ 3.40 $ 3.50 Mixing minutes per unit 11.50 1.00 1.00 Monthly demand in units 3,000 1,000 2,000 The mixing machines are potentially the constraint in the production facility. A total of 14,000 minutes are available per month on these machines. Direct labor is a variable cost in this company. Required: a. The maximum contribution margin per month the company can earn when using 14,000 available mixing machine minutes is $ . In the intermediate step that calculates "contribution margin per unit of constraining resource", round it to 2 decimal places. In the intermediate step that calculates "optimal production", round it to the closest integer. Round your final answer to 1 decimal place. b. Up to $ should the company be willing to pay for one additional minute of…Required information [The following information applies to the questions displayed below.] Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is added evenly throughout each process. Direct materials are added at the beginning of the first process. Additional information for the first process follows. Beginning work in process inventory. Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for Units EUP 72,000 882,000 775,000 179,000 $ 558,090 84,660 3,734,910 1,608,540 Direct Materials Percent Complete 100% 3. Assign costs to the department's output-specifically, to the units…
- A) what is the equivalent units of production for materials? B) what is the equivalent units of production for conversion ?Question 3: Process Costing Cannondale Bicycle Company manufactures various lines of bicycles. Because of the high volume of each type of product, the company employs a process cost system to determine unit costs. Bicycle parts are manufactured in the Moulding Department and transferred to the Assembly Department where they are assembled. After assembly, the bicycles are sent to the Packing Department. Cost and production figures for the Assembly Department are presented below for the month of June: Production Data (in unit) 70,000 Beginning WIP Inventory (70% complete as to material; 40% complete as to conversion) Started in June Completed and transferred out Ending WIP Inventory (75% complete as to material; 25% complete as to conversion) 460,000 450,000 80,000 Cost Data (in dollar) Material Conversion $36,550 $391,850 $13,500 Beginning WIP Inventory Current period $287,300 Required: (a) Determine the cost per equivalent unit for the Assembly Department's direct materials and…COST ACCOUNTING - PROCESS COSTING Compute for the equivalent production of the following case using the average method.
- xnxn eje don't not use ai! Required information Use the following information for the Exercises below. (Algo) 1 [The following information applies to the questions displayed below.] The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory 29,400 units 68,600 units 98,000 units 16,900 units Exercise 3-4 (Algo) Weighted average: Computing equivalent units LO P1 Prepare the production department's equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing.Particulars Standard Actual Output in units 1,200 units 1,100 units Variable overheads $6,000 $7,000 Labor hours 12,000 hours 18,000 hours Calculate Variable overhead expenditure variance Choose option: A) 2,000 (F) B) 2,000 (A) C) 9,000 (A) D) 9,000 (F)
- Pls explain properlyQuestion Content Area Percent of capacity 90% 100% 110% Direct labor hours 3,600 4,000 4,400 Units of output 900 1,000 1,100 Variable overhead $3,600 $4,000 $4,400 Fixed overhead 5,200 5,200 5,200 Total overhead $8,800 $9,200 $9,600 Normal capacity = 100% and overhead is applied based on direct labor hours Standard overhead rate = $9,200/4,000 = $2.30 per direct labor hour Direct materials are $69.00 per unit. Direct labor is $21.50 per hour. Prepare a flexible budget for overhead based on the above data. Flexible Budget 900 1,000 1,100 Direct Material $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Direct Labor fill in the blank 4 fill in the blank 5 fill in the blank 6 Variable Overhead fill in the blank 7 fill in the blank 8 fill in the blank 9 Fixed Overhead fill in the blank 10 fill in the blank 11 fill in the blank 12 Total $fill in the blank 13 $fill in the blank 14 $fill in the blank 15C) what's is the cost per equivalent unit for materials ? ( round your answer to 2 decimal places.) D) what is the cost equivalent unit for conversion? (Round your answer to 2 decimal places.) E) what is the cost of units transferred out? (Round your cost per equivalent unit to 2 decimal places.)