Planned costs of product A - 150000 Planned costs of product B- 220000 Real costs of product A – 140000 Real costs of product B – 200000 During the period: Dr Finished products. B Cr Production process. B- ?

Planned costs of product A - 150000 Planned costs of product B- 220000 Real costs of product A – 140000 Real costs of product B – 200000 During the period: Dr Finished products. B Cr Production process. B- ?

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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1. Classify A,B,C,D,E,F of the following costs as either variable, fixed, or mixed. Cost Incurred Units produced 5000 10000 Production Costs Total Cost Cost/unit Total Cost Cost/unit A $8000 $1.6 $16000 $1.6 B 9500 1.9 19000 1.9 C 2000 0.4 3300 0.33 D 4000 0.8 4000 0.4 E 800 0.16 1400 0.14 F 1000 0.2 1000 0.1
Please use Table 1 to ANSWER this question. COVID Co. produces two different products (Product A and Product X) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The cost of Machining is $1,000,000, while the cost of Inspection is $2,700,000. What is the activity rate for Inspection? Select one: O b. None of the given ANSWER c. 52,000 per batch O d.545,000 per batch Oa.51.500 per batch
Business a Chapt X My Questi Reference ndenccinstructure.com/courses/3788/assignments/35967?module ite 0 View Policies Current Attempt in Progress A process with no beginning work in process, completed and transferred out 34100 units during a period and had 14600 units in the ending work in process that were 55% complete. How much is equivalent units of production for the period for conversion costs? O 56730 equivalent units. O 26070 equivalent units. O 42130 equivalent units. O 48700 equivalent units.
Q4 Determine the quantity of each component necessary to produce 20 units of final assembly called as Omega. The product structure and quantities of each component needed for each assembly are noted in parenthesis. Omega P (1) Q (1) S (2) W (3) R (2) S (2) S (2) U (2) T (1) U (1) Table shows the materials available in stock. Material Name Quantity Available 22 U 8 T 40 Prepare Bill of Materials (BOM) and the net requirements of each materials.
Exercise6: Ccomplete the table 国 Total Costs Cost per unit Output Fixed Variable Unit Cost Costs Costs (units) 20000 60000 2000 70000 2500 3500 A60000 15.25 25000
Exercise 10A-3 (Algo) Applying Overhead in a Standard Costing System [LO10-4] Privack Corporation applies overhead to products based on the standard direct labor-hours allowed for the actual output. Data concerning the most recent year appear below: Budgeted variable overhead cost per direct labor-hour Total budgeted fixed overhead cost per year Budgeted direct labor-hours (denominator level of activity) Actual direct labor-hours Standard direct labor-hours allowed for the actual output Required: 1. Predetermined overhead rate 2. Overhead applied $ 4.00 $ 528, 180 1. Compute the predetermined overhead rate for the year. Be sure to include the total budgeted fixed overhead and the total budgeted variable overhead in the numerator of your rate. Note: Round your answer to the nearest whole dollar amount. 2. Compute the amount of overhead applied to the output of the period. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. per DLH 75,455…
COsts for the mont. Exercise 4 The Information bellow has been taken from production department of Elite Company for November is as follows: Total Costs Variable Cost Fixed Cost Material used in Production OMR 200000 Labour used in Production ? 100000 50000 (Assembly and supervisor) Production Facilities cost ( 50000 40000 rent ,general, utilities,..) Total Units: 15000 Calculate: A. Calculate cost per unit. B. Find the missing information in the above table. C. Describe the production costs in the equation form Y f+vX D. Assume Elite intends to produce 8000 units next month. Calculate total production costs for the month. Exercise 5 The cost data is summarized in the following data was taken from Salalah Company. Variable cost per unit OMR 4.5 Initial fixed cost عرض عناصر تحكم PDF PDF Unit produces and Soia 25000 units лос
Required information [The following information applies to the questions displayed below.] Victory Company uses weighted average process costing. The company has two production processes. Conversion cost is added evenly throughout each process. Direct materials are added at the beginning of the first process. Additional information for the first process follows. Beginning work in process inventory. Units started this period Units completed and transferred out Ending work in process inventory Beginning work in process inventory Direct materials Conversion Costs added this period Direct materials Conversion Total costs to account for Cost assignment-Weighted average Completed and transferred out Direct materials Conversion Ending work in process Direct materials Conversion Total costs accounted for Units EUP 72,000 882,000 775,000 179,000 $ 558,090 84,660 3,734,910 1,608,540 Direct Materials Percent Complete 100% 3. Assign costs to the department's output-specifically, to the units…
When Zee Corporation produces 25,000 units, its fixed cost is $21.00 per unit. Zee's fixed cost will if it produces 20,000 units. а. remain at $21.00 per unit b. increase by $5.25 per unit С. increase by $26.25 per unit d. decrease to $16.80 per unit а. С ОБ. В с. D O d. A
Q2 0 Costs that must be allocated in order to be assigned to a product or department are called direct costs. Select one: True False Q10 Research and development costs are classified as: a. Inventoriable costs. b. Product costs. Period costs. Cost of goods sold. O c. O d.
11/The maximum cost that is allowable in the production, distribution, and disposal of the product known as _______________. a. Life cycle cost b. Target cost c. All of these d. Activity cost
QUESTION 60 Cost AccountingChoose the answer from the choices