CPR Abnormal Loss in second department: During the month of may 20xx department No.2 of Halton company received 50,000 units at the rate of 12.50 dollars from department one. Then it transferred out 43000 completed units. In the department there was an abnormal loss of 2000units when 75 percent converted. In Department 2 all the material are added at the beginning of the process. Direct Material added during the month totaled 162,500 dollars and conversion cost is 204,000 dollars. Make a cost of production report for department 2.Cost from the proceeding department is 625,000 with the per unit cost 12.50.
CPR Abnormal Loss in second department: During the month of may 20xx department No.2 of Halton company received 50,000 units at the rate of 12.50 dollars from department one. Then it transferred out 43000 completed units. In the department there was an abnormal loss of 2000units when 75 percent converted. In Department 2 all the material are added at the beginning of the process. Direct Material added during the month totaled 162,500 dollars and conversion cost is 204,000 dollars. Make a cost of production report for department 2.Cost from the proceeding department is 625,000 with the per unit cost 12.50.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
CPR Abnormal Loss in second department:
During the month of may 20xx department No.2 of Halton company received 50,000 units at the rate of 12.50 dollars from department one. Then it transferred out 43000 completed units. In the department there was an abnormal loss of 2000units when 75 percent converted. In Department 2 all the material are added at the beginning of the process. Direct Material added during the month totaled 162,500 dollars and conversion cost is 204,000 dollars. Make a cost of production report for department 2.Cost from the proceeding department is 625,000 with the per unit cost 12.50.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education