Exercise 10: Cost of Production Report - Uneven Application of Costs Manghud Manufacturing Corp. adds all the materials at the start of the procese The production data for October, 19C are as follows: Quantity data: In process, October 1 Placed in process..... In process, October 31............ Cost data: In process, October 1 Factory costs, October: Materials. Labor Factory overhead rate: 66 2/3% of labor cost Required: Cost of production report 12,000 units, 1/3 done 40,000 units 5,000 units, 1/4 done P28,470 80,000 26,550
Exercise 10: Cost of Production Report - Uneven Application of Costs Manghud Manufacturing Corp. adds all the materials at the start of the procese The production data for October, 19C are as follows: Quantity data: In process, October 1 Placed in process..... In process, October 31............ Cost data: In process, October 1 Factory costs, October: Materials. Labor Factory overhead rate: 66 2/3% of labor cost Required: Cost of production report 12,000 units, 1/3 done 40,000 units 5,000 units, 1/4 done P28,470 80,000 26,550
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter6: Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-products
Section: Chapter Questions
Problem 7E: Calculating unit costs; units lost in production Gray Brothers Products Inc. manufactures a liquid...
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![Exercise 10; Cost of Production Report - Uneven Application of Costs
Manghud Manufacturing Corp. adds all the materials at the start of the process
The production data for October, 19C are as follows:
Quantity data:
In process, October 1
Placed in process.
In process, October 31.........
Cost data:
In process, October 1
Factory costs, October:
Materials
Labor
Factory overhead rate: 66 2/3% of labor cost
Required: Cost of production report
V
12,000 units, 1/3 done
40,000 units
5,000 units, 1/4 done
P28,470
80,000
26,550](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F472d94c7-221d-44e2-87ba-b26c58778c6c%2F1330fa17-859d-4b6e-8509-2b467cda7f96%2F71vh04_processed.png&w=3840&q=75)
Transcribed Image Text:Exercise 10; Cost of Production Report - Uneven Application of Costs
Manghud Manufacturing Corp. adds all the materials at the start of the process
The production data for October, 19C are as follows:
Quantity data:
In process, October 1
Placed in process.
In process, October 31.........
Cost data:
In process, October 1
Factory costs, October:
Materials
Labor
Factory overhead rate: 66 2/3% of labor cost
Required: Cost of production report
V
12,000 units, 1/3 done
40,000 units
5,000 units, 1/4 done
P28,470
80,000
26,550
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