Determine the missing amounts for these three different situations.(1)(2)(3)(b)6ADirect Materials Used$39,200$53,900eTextbook and Media80100-Your answer is partially correct.Determine the missing amounts.EADirect LaborManufacturingOverheadTotal Manufacturing Costs$59,600$49,000$147800$73,500$137,200$290,800141300$108,600$303,800Attempts: 1 of 5 usedtal Manufacturing CostsWork in Process (January 1) Work in Process (December 31)Cost of Goods Manufacture328400$117,600$80,000$366000$290,800$303,800$$453,200133400SA$96,400$327,80056300$700,700

Step 1: Missing amounts calculations Part (a) and part (b) are parts of the same cases (1 to 3) Step…

Answered: Determine the missing amounts for these…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

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What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $16,000 B. $50,000 C. $103,000 D. $120000
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How do you find the net benefit in this? show the method Relevant Cost Amount Sales Revenue (12000 x $31.50) $378,000 Less: Direct Material (12000 x ($16.40-$4.20)) $146,400 Direct Labor (12000 x $4.50) $54,000 Variable Manufacturing Overhead (12000 x $7.50) (Notes) $90,000 Additional setup costs $8400 Special equipment cost $5800 Net benefit $73,400 Notes: Total manufacturing overhead rate $40 per hour Less: Fixed manufacturing overhead (1500000/60000) $25 per hour Variable manufacturing overhead $15 per hour Required machine hour for one unit is half-hour i.e. $7.5 per unit
Determine the missing amount for each letter. Total ifacturing Costs 431600 (a) 567,000 333,900 363,800 Tauthook and Media Work in Process Jan. 1 $40,200 541800 (d) 75,600 EA $ Work in Process Dec. 31 (b) 50,400 100,800 Cost of Goods Manufactured $453,600 592,200 176400 (f) 56,700 283500 (h) 340,200
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Per Unit Total\\nDirect materials $ 5.00 \\nDirect labor 2.00 \\nSupervision 1.90 $ 123,500\\nDepreciation 1.40 $ 91,000\\nVariable manufacturing overhead 0.60 \\nRent 0.60 $ 39,000\\nTotal product cost $ 11.50 \\n \\n\\nIf Futura decides to make the starters, a supervisor would have to be hired (at a salary of $123,500) to oversee production. However, the company has sufficient idle tools and machinery such that no new equipment would have to be purchased. The rent charge above is based on space utilized in the plant. The total rent on the plant is $81,000 per period. Depreciation is due to obsolescence rather than wear and tear.\\n\\n \\n\\nRequired:\\n\\nWhat is the financial advantage (disadvantage) of making the 65,000 starters instead of buying them from an outside supplier?
uestions | bartleby G How many units must be in... My Home CengageNOWv2| Online te.. eBook Show Me How A production department within a company received materials of $10,000 and conversion costs of $8,000 from the prior department. It added material of $36,500 and conversion costs of $70,750. The equivalent units are 25,000 for material and 22,500 for conversion. What is the unit cost for materials and conversion? When required, round final answers to two decimal places. Unit Cost Materials Conversion $ + %24

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