Pronghorn Industries operates two support departments, Personnel and Accounting, and two producingdepartments, Fabrication and Assembly. Information on the support percentages and cost for each department isas follows:PersonnelPersonnelAccounting 10%FabricationAssemblyO $14357.$13700.$13097.$14436.0%30%60%Accounting6%0%55%39%OperatingCosts$17400740010450098500Using the reciprocal method of allocating support costs, what is the total cost allocated to the AssemblyDepartment from the two support departments?

Methods through which service department costs are allocated to production department. (1) Direct…

Answered: ments, Fabrication and Assembly. vs:…

Business

Accounting

ments, Fabrication and Assembly. vs: nel nting Personnel 0% 10% Accou 6% 0%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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(b) x Your answer is incorrect Following the weighted-average method of process costing, determine the following 1. Total costs to account for in this assembly department. $ 2. The cost per equivalent unit for DM. 3. The cost per equivalent unit for conversion costs. w Transcribed Text No. Account Titles and Explanation (2) WIP Inventory-Assembly RM Inventory WIP Inventory-Assembly Salaries and Wages Payable MOH Control w Transcribed Text Total equivalent units of work done DM J 3,310 $ $ C Conversion Costs 2.750 226660 32 Debit per unit per unit 120,990 42750 Credit As Nash Manufacturing produced bookshelves this month, its accountants were in contact with production managers to keep tabs on costs. The WIP Inventory-Assembly account had a beginning balance as follows: DM costs of $41,200 and conversion costs of $31,500. Additional DM costs were added to this assembly department this month totaling $120.990, along with conversion costs of $42.750. Direct materials were pulled from RM…
Product Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. Blinks Dinks Number of Direct Labor Hours Machine Hours Units Per Unit Per Unit 990 2,086 4 Oa. $41.28 Ob. $358.83 Oc. $13.04 Od. $51.60 3 gnmentSession Locator=&inprogress=false 8 5 凸☆ All of the machine hours take place in the Fabrication department, which has an estimated overhead of $86,000. All of the labor hours take place in the Assembly department, which has an estimated total overhead of $89,700. Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs based on direct labor hours. The factory overhead allocated per unit of Dinks is Previous B Next
bb.cas.edu.om& Remaining Time: 14 minutes, 49 seconds. v Question Completion Status: QUESTI ON 4 1p In process costing system, the materials can be added in A. - First and Last Department only B. - Any Department OC. - Last Department only OD. - First Department only
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5 Cc Ce X Cla v2.cengagenow.com O search Ce Print Item Date Hc Nov. Fa Item So Mohamed In 1 Bal., 8,400 units, 80% completed 30 Direct materials, 76,000 units 30 Direct labor 30 Factory overhead 30 Goods finished, ? units 30 Bal., 6,700 units, 70% completed bry My ofirvaker Winke/vekurs med extent Win Debit The following information concerns production in the Forging Department for November. All direct materials are placed into the process at of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $110,040 of direct m ACCOUNT Work in Process-Forging Department 972,800 95,340 131,670 W Ap Check My Work 0 more Check My Work uses remaining. Credit < a. Determine the number of units transferred to the next department. 77,700 ✓ units 1.21 ? c. Determine the cost of units started and completed in November. 72,426.90 X go 12.80 V C Debit du Ac Ac AC ACCOUNT NO. Balance 129,528 1,102,328 1,197,668 1,329,338 2 a ? b. Determine the…
TB MC Qu. 4-49 Boesenhofer, Inc., manufactures and sells... Boesenhofer, Inc., manufactures and sells two products: Product N6 and Product N7. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity Estimated Expected Activity Activity Overhead Activity Cost Pools Measures Cost Product N6 Product N7 Labor-related DLHS Total $345,060 128,534 107,598 2,100 600 4,100 Machine setups 5,000 800 3,800 setups 7,100 Order size MHs 1,400 7,900 $581,192 The activity rate for the Machine Setups activity cost pool is closest to: Multiple Cholce $73.57 per setup $91.81 per setup Prev of 36 Next > 10:54 AM 66°F Mostly cloudy 目。 21 10/20/2021 pe here to search DELL Home End Delete PgUp PgDn F12 PrtScr Insert F10 F11 F8 F9 F7 F4 F5 F6 F3 Num Lock Backspace & %23 %24
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Yuzu: Cost Manac X Q companies using X Process Costing S X a Search Are firms that pro x + 333/epubcfi/6/42[%3Bvnd.vst.idref%3Dchapter06]!/4/38/64/28/2[E6-29]/4/3:5[he%20... A 6-29 Process Costing in Sugar Manufacturing The food-processing industry, like most process industries, is a common user of process costing. Consider, for example, the sugar manufacturing industry. The processes in sugar manufacturing can differ depending on the agricultural product used to produce sugar. When sugar cane is used, the sequence of processes looks something like this: * First: Cane shredding The sugar cane is shredded into small pieces to facilitate its movement through the milling machine. Second: Milling The shredded cane is crushed between the rollers in the milling machine to produce the cane juice. Third: Heating and adding lime In this step, the cane juice is heated to concentrate the juice, and lime is added to reduce acidity. Fourth: Clarifying Impure elements are removed from the juice.…
Subject: Accounting
ester tions 1- Introduction ing on 2- Materials ysis 1 sion 3- Materials alysis 2 Fr Type here to search a N F1 F2 W S X Cost that arises during manufacturing maybe classified according to element, nature, function or behavior. As part of the Cost Accounting team you are asked to classify the following cost correctly. Fill in the columns with the correct classification. COST Packing Materials Rent of Factory Wages of factory workers E D C KA F4 $ Ai R LL 11 MATERIALS, LABOUR OR DIRECT OR EXPENSE INDIRECT F5 % 5 V 7 T G F6 F7 JE B Y H DELL 00 7 F8 N U a * 00 J F9 JC M F10 Time left 0:3 K PrtScr 31°C F11 Insert F
- Refer to the model listed next: Max: Z= 10*x1+6*x2+4*x3; Subject to: x1+x2+x3=0; where x1,x2 and x3 are the number of product 1,2 and 3 produced. (i) (ii) (iii) (iv) (v) 333 (vi) Identify the initial basis with your reason. Show one complete iteration as the solution moves to the next basis. Find the optimal basis. You may solve the problem for the optimal solution using the Lingo software but must validate the optimal basis. Estimate the optimal simplex multipliers. Solve the model using the Lingo software and report the dual prices for each constraint. Compare the optimal simplex multipliers with the shadow prices for different constraints and provide your comments.