FileEditView GoToolsWindowHelpA ASSIGNMENT NO.1 BUSS 104.pdf (page 4 of 4)Q SearchQuestion 5:The Information below is taken from production department of Salalah Company for April:The number of units produced is 10000. All amounts are in OMR.Total CostsVariable CostFixed Cost500000Direct material costTotal labor cost400000100000Manufacturing Overhead9000030000Calculate:A. Find the missing information in the above table. Some values may not be applicable, explain.B. Calculate cost per unitC. Describe the production costs in the equation form Y f+ vX.D. Assume Salalah intends to produce 10000 units next month. Calculate total production costsfor the month

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Business

Accounting

In

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 32P: Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a...

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Wrappers Tape makes two products: Simple and Removable. It estimates it will produce 369,991 units of Simple and 146,100 of Removable, and the overhead for each of its cost pools is as follows: It has also estimated the activities for each cost driver as follows: Â How much is the overhead allocated to each unit of Simple and Removable?
View Go Tools Window Help Edit Preview File ABC AASSIGNMENT NO.1 BUSS 104.pdf (page 4 of 4) Q Search Question 5: The Information below is taken from production department of Salalah Company for April: The number of units produced is 10000. All amounts are in OMR. Total Costs 500000 Variable Cost Fixed Cost Direct material cost Total labor cost 400000 30000 100000 Manufacturing Overhead 90000 Calculate: A. Find the missing information in the above table. Some values may not be applicable, explain. B. Calculate cost per unit C. Describe the production costs in the equation form Y= f+vX. D. Assume Salalah intends to produce 10000 units next month. Calculate total production costs for the month Question 6: Find the missing information for diff.
gagenown/ilm/takeAssignment/takeAssignmentMain.do?invoker=&ta... A Q eBook Activity Fabrication Assembly Setup Inspecting Production scheduling Purchasing Activity Rate $24 per machine hour $13 per direct labor hour $50 per setup $28 per inspection $14 per production order $11 per purchase order The activity-base usage quantities and units produced for each product were as follows: Elliptical Machines Treadmill 1,687 419 53 Activity Base Machine hours Direct labor hours Setups Elliptical Machines Treadmill 4 Product Costs using Activity Rates Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: C 101 Print Item % 15 5 732 $ Inspections Production orders Purchase orders 198 Units produced 286 Use the activity rate…
keAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%3D&inprogress%3Dfalse # To еВook Show Me How Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $556,500. The conversion cost for the period in the Rolling Department is $116,400 ($69,000 factory overhead applied and $47,400 direct labor). The total cost transferred to Finished Goods for the period was $530,000. The Rolling Department had a beginning inventory of $27,400. a1. Journalize the cost of transferred-in materials. If an amount box does not require an entry, leave it blank. a2. Journalize the conversion costs. If an amount box does not require an entry, leave it blank. a3. Journalize the costs transferred out to Finished Goods. If an amount box does not require an entry, leave it blank. b. Determine the balance of Work in Process-Rolling at the end of the period. Check My Work 2 more Check My Work…
Use the following data from a company using a process costing system to answer the question below. Conversion cost per equivalent unit for materials $2.50 Cost per equivalent unit for conversion $3.75 Beginning inventory costs $1, 200 Equivalent units for beginning inventory conversion 2, 400 Equivalent Units started and completed for both materials and conversion 10,000 Compute cost of good manufactured A. $10, 200 B. $72, 700 C. $71,500 D. $62, 500
Please refer the queations to the images attached. Thank you. Required: Compute equivalent units of production. Prepare the cost of production. Round total costs to the nearest peso.
Prepare the cost of production report under Average Method
2. 1. Assume process costing is used. Fill two tables given below. SHOW CALCULATIONS IN THE TABLE April $1,100,310 3,001,940 3,601,030 $7,703,280 3,800 March Beginning work in process was 20% complete in March and 65% complete in April. Ending work in process was 50% complete in March and 30% complete in April Direct materials costs $965,460 2,300,260 3,520,640 $6,786,360 6,000 17,500 4,500 Direct Jabor costs Manufacturing overhead applied Total manufacturing costs Units in beginning work in process Units transferred to finished goods Units in ending work in process 22,000 6,100 Express everything in UNITS March Аpril Beginning work in process Started and completed Ending work in process Total equivalent units Аpril Express everything in $ Total manufacturing cost per equivalent unit Direct materials cost per March equivalent unit
Cost per Equivalent Unit—FIFO Method Superior Micro Products uses the FIFO method in its process costing system. Data for the Assembly Department for May appear below: Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total.
in Feed | LinkedIn studenthomeworks.... Hours Calculator: S... Compute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,900; and selling expenses, $45,290. Oa. $384,200 Ob. $731,700 Oc. $187,900 Od. $543,800 Chock M. Marl البال ghmentSessionLocator=&inprogress=false Login to Applicant... 3 BMTX: Card Status South University Disney+ | Movies a... W a O 2 46°F Previous 4x » (? Next ENG 10:09 PM US 3/25/2023
A company manufacturing two products furnishes the following data Annual output Product Output units Machine Hours Purchase Orders Machine set-ups A 5000 20000 160 20 B 60000 120000 384 44 Total 65000 140000 544 64 The annual overheads are as under. Rs Volume related activity costs 4,50,000 Set up related costs 9,20,000 Purchase related costs 5,18,000 Total 1,888,000 You are required to calculate the overheads cost per unit of each product A and B based on Activity based costing method.
(?) This spreadsheet has missing fonts. Ch16 Case Study Assignment - Part 3 Production Cost Report Problem The Wizarding Company uses the Process Cost System and the Average Costing Method. Materials and Conversion costs are added evenly throughout the process. The following production data are for the Mixing Dept for the month of June (Round unit costs to two decimal places): Production Costs Work in process, June 1st: Direct Materials: 100% complete $3,800 4,600 $8,400 Conversion Costs: 70% complete Costs incurred during production in June: Direct Materials $17,000 Conversion Costs 20,000 37,000 Total Costs for June $45,400 Production Report Units Work in process, June 1st 200 5,000 Units started in production during June Units completed & transferred out (DM 100%; CC 100%) 4,800 Work in process, June 30th (DM 100%; CC 30%) 400 1: Prepare a Production Cost Report using the Average Cost Method. Production Cost Report