EJ-KD manufactures plastic cups that undergo two departments during the process (molding & packaging. > During the year-end, the pollowing production information have been obtained from departments Molding Wip, beginning units 25.000 started units 60,000 Wir ending units 11,500 Cost Added Direct material Conversion Cost beginning Balances WIP, beginning Direct material Conversion Cost Direct materials are 160,000 80,000 21,650 10,000 11,650 100% completed Conversion cost is 25% completed Packaging 500 both 100,000 90,000 11,937.50 10,250.00 1,687,50 Direct materials Completed are 100% Conversion cost is 70% completed using weighted average process costing method the equivalent units of packaging Department is :
EJ-KD manufactures plastic cups that undergo two departments during the process (molding & packaging. > During the year-end, the pollowing production information have been obtained from departments Molding Wip, beginning units 25.000 started units 60,000 Wir ending units 11,500 Cost Added Direct material Conversion Cost beginning Balances WIP, beginning Direct material Conversion Cost Direct materials are 160,000 80,000 21,650 10,000 11,650 100% completed Conversion cost is 25% completed Packaging 500 both 100,000 90,000 11,937.50 10,250.00 1,687,50 Direct materials Completed are 100% Conversion cost is 70% completed using weighted average process costing method the equivalent units of packaging Department is :
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
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Chapter6: Process Costing
Section: Chapter Questions
Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...
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Variance Analysis
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Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Using weighted average process costing method the equivalent units of packaging Department is
![EJ-KD manufactures plastic cups that undergo
two departments during the process (molding &
packaging
During the year-end, the following production.
information have been obtained from
departments:
Molding
Wip, beginning units 25.000
started units
60,000
Wir ending units
11,500
Cost Added
Direct material
Conversion cost.
Balances
WIP, beginning
Direct material.
Conversion cost
Beginning
Direct materials are
160,000
80,000
21,650
10,000
11,650
100% completed
Conversion cost is 25%
completed
Packaging
500
both
100,000
90,000
11,937.50
10,250.00
1,687,50
Direct Materials
Completed
are 100%
Conversion cost is 70%.
completed
using weighted average process costing
method i the equivalent units of
packaging Department is :
C
e
C](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3bddcb10-ef0a-4385-bf49-65e1d6b9e1a3%2F8ad17c8d-0769-447a-b7d7-08c1f40b51f2%2Fvqj8m2s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:EJ-KD manufactures plastic cups that undergo
two departments during the process (molding &
packaging
During the year-end, the following production.
information have been obtained from
departments:
Molding
Wip, beginning units 25.000
started units
60,000
Wir ending units
11,500
Cost Added
Direct material
Conversion cost.
Balances
WIP, beginning
Direct material.
Conversion cost
Beginning
Direct materials are
160,000
80,000
21,650
10,000
11,650
100% completed
Conversion cost is 25%
completed
Packaging
500
both
100,000
90,000
11,937.50
10,250.00
1,687,50
Direct Materials
Completed
are 100%
Conversion cost is 70%.
completed
using weighted average process costing
method i the equivalent units of
packaging Department is :
C
e
C
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