Physical Flow, Equivalent Units, Unit Costs, No Beginning WIP Inventory, Activity-Based Costing, DBC McKay, Inc., produces a subassembly used in the production of hydraulic cylinders. The subassemblies are produced in three departments: Plate Cutting, Rod Cutting, and Welding. Materials are added at the beginning of the process. Overhead is applied using the following drivers and activity rates: Actual Usage (by Plate Cutting) Driver Direct labor cost 170% of direct labor $87,840 Inspection hours $40 per hour 4,002 hours Number of moves $100 per move 1,680 moves During the first quarter, the Plate Cutting Department used 25,300 hours (direct, indirect, and machine hours) to produce the quarter's output. Other quarterly data for the Plate Cutting Department are as follows: Beginning work in process, January 1 Rate Units started Direct materials cost Units, ending work in process (100% materials; 64% conversion), March 31 Required: 90,000 $720,000 6,000 1. Prepare a physical flow schedule. If an answer is zero, enter "0".

Physical Flow, Equivalent Units, Unit Costs, No Beginning WIP Inventory, Activity-Based Costing, DBC McKay, Inc., produces a subassembly used in the production of hydraulic cylinders. The subassemblies are produced in three departments: Plate Cutting, Rod Cutting, and Welding. Materials are added at the beginning of the process. Overhead is applied using the following drivers and activity rates: Actual Usage (by Plate Cutting) Driver Direct labor cost 170% of direct labor $87,840 Inspection hours $40 per hour 4,002 hours Number of moves $100 per move 1,680 moves During the first quarter, the Plate Cutting Department used 25,300 hours (direct, indirect, and machine hours) to produce the quarter's output. Other quarterly data for the Plate Cutting Department are as follows: Beginning work in process, January 1 Rate Units started Direct materials cost Units, ending work in process (100% materials; 64% conversion), March 31 Required: 90,000 $720,000 6,000 1. Prepare a physical flow schedule. If an answer is zero, enter "0".

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Description: Required:1. Prepare a physical flow schedule. If an answer is zero, enter "0".Show Transcribed TextMcKay, Inc.Physical flow scheduleUnits to account for:Units, beginning WIPUnits startedTotal units to account forUnits accounted for:Units startedUnit

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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