Determine the number of units completed on these general accounting question Omega Industries' March 1, 2024, beginning work in processwas 800 units. During March, Omega put into production anadditional 1,200 units. At the end of March, all units werecompleted except for 600 units.Determine the number of units completed.

Step 1: Define Units CompletedUnits Completed refers to the total number of units that have…

Answered: Omega Industries' March 1, 2024,…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 19E

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Plato Company began operations on June 1, 2024. For its first month of operations, Plato Company established the following standards for one unit of its single product direct materials standard quantity 7 pounds 8 hours 8 hours standard price $14 per pound direct labor variable overhead $18 per hour $11 per hour Plato Company reported the following information for June: 1. 7,000 pounds of direct materials were purchased at a total cost of $113,750. 2. 5,400 direct labor hours were worked at a total cost of $75,600. 3. The variable overhead cost for the month totaled $52,950. 4. 460 units were produced. 5. At June 30, Plato Company had 3,200 pounds of direct materials on hand. Calculate the direct material quantity variance for June. If the variance is favorable, place a minus sign in front of your answer (i.e., -5000). If the variance is unfavorable, simply enter your answer as a number (i.e., 5000).
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Omega Industries' March 1, 2024, beginning work in process was 800 units. During March, Omega put into production an additional 1,200 units. At the end of March, all units were completed except for 600 units. Determine the number of units completed.