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Costs per Equivalent Unit The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Balance Date Item Debit Credit Debit Credit August 1 Bal., 8,700 units, 3/5 completed 21,837 31 Direct materials, 156,600 units 313,200 335,037 31 Direct labor 31 Factory overhead 91,450 51,434 426,487 477,921 31 Goods finished, 158,700 units 459,969 31 Bal., ? units, 4/5 completed 17,952 17,952 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 2.00 2. Conversion cost per equivalent unit 4.58 X 3. Cost of the beginning work in process completed during August A 175,840 X 4. Cost of units started and completed during August $1,236,23 X 14,343 X 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August? Increase

Costs per Equivalent Unit The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Balance Date Item Debit Credit Debit Credit August 1 Bal., 8,700 units, 3/5 completed 21,837 31 Direct materials, 156,600 units 313,200 335,037 31 Direct labor 31 Factory overhead 91,450 51,434 426,487 477,921 31 Goods finished, 158,700 units 459,969 31 Bal., ? units, 4/5 completed 17,952 17,952 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 2.00 2. Conversion cost per equivalent unit 4.58 X 3. Cost of the beginning work in process completed during August A 175,840 X 4. Cost of units started and completed during August $1,236,23 X 14,343 X 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August? Increase

Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
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Costs per Equivalent Unit The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Balance Date Item Debit Credit Debit Credit August 1 Bal., 8,700 units, 3/5 completed 21,837 31 Direct materials, 156,600 units 313,200 335,037 31 Direct labor 31 Factory overhead 91,450 51,434 426,487 477,921 31 Goods finished, 158,700 units 459,969 31 Bal., ? units, 4/5 completed 17,952 17,952 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 2.00 2. Conversion cost per equivalent unit 4.58 X 3. Cost of the beginning work in process completed during August A 175,840 X 4. Cost of units started and completed during August $1,236,23 X 14,343 X 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August? Increase
Transcribed Image Text:Costs per Equivalent Unit The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Balance Date Item Debit Credit Debit Credit August 1 Bal., 8,700 units, 3/5 completed 21,837 31 Direct materials, 156,600 units 313,200 335,037 31 Direct labor 31 Factory overhead 91,450 51,434 426,487 477,921 31 Goods finished, 158,700 units 459,969 31 Bal., ? units, 4/5 completed 17,952 17,952 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 2.00 2. Conversion cost per equivalent unit 4.58 X 3. Cost of the beginning work in process completed during August A 175,840 X 4. Cost of units started and completed during August $1,236,23 X 14,343 X 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August? Increase
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