Answer this Question Question:7.6At the beginning of the recent period there were 1,020 units of product in a department,one-third completed. These units were finished and an additional 5,500 units werestarted and completed during the period. 840 units were still in process at the end of theperiod. One-fourth completed. Using the weighted-average valuation method theequivalent units produced by the department were:A). 8,250 unitsB). 6,680 unitsC). 7,360 unitsD). 6,730 UnitsE). 6,390 units

To calculate the equivalent units of production (EUP) using the weighted-average method:…

Answered: Question:7.6 At the beginning of the…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter13: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 16E

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Financial ACCOUNT QUESTIONS
E5-1 Computing equivalent production Compute the equivalent production (unit output) for the month for each of the following situations: Units Completed During Month Stage of Completion Units in Process, End of Month а. 10,000 5,000 1/2 b. 22,000 4,000 3/4 C. 8,000 1,000 1/4 500 2/5 d. 25,000 5,000 1/2 5,000 3/4 е. 48,000 1,500 4/5 4,000 1/4
General accounting question
(13) Data for a manufacturing company for the year are as follows: Physical Percent Units Completed Beginning work 400 30% in process Started and 10,000 100% completed Ending work 900 70% in process What is the manufacturing company's computed equivalent units of production for the period? 10,000 10,280 10,630 10,910 口

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Part A The following data show the units in beginning work in process inventory, the number of units started, the number of units transferred, and the percent completion of the ending work in process for conversion. Given that materials are added at the beginning of the process, what are the equivalent units for material and conversion costs for each quarter using the weighted - average method? Assume that the quarters are independent. \table [[Beginning ,,], [Quarter, \table [[Work in], [Process]], Started, Out, (%)],[1,, 255, 000, 235,50], [2, 2, 500, 275, 000, 250, 40], [3, 3, 600, 290, 000, 275,000, 45], [4, 6, 500, 300,000, 280, 000,60]]
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Cost and sales information for the most recent fiscal year are shown below: WALLACE RIVER COMPANY Cost and Sales Information For the Year Ended December 31 Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending Depreciation, factory Insurance, factory Direct labour Maintenance, factory Administrative expense Sales Utilities, factory Supplies, factory Selling expense Advertising expense Indirect labour, factory Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $ 93,500 13,500 20,500 44,100 5,000 63,500 30,000 71,400 485,000 27,000 1,000 81,400 21,400 65,000 7,000 30,000 10,000 40,000
Cost
Required information [The following information applies to the questions displayed below.] A manufacturer reports the following for two of its divisions for a recent month. Average assets Sales Income Beverage Division Residual income $ 8,400 3,510 906 Cheese Division Assume that each of the company's divisions has a target income at 7% of average assets. Compute residual income for each division. Beverage $ 15,100 5,680 1,310 Cheese
Discussion QuestionThe table below shows monthly data collected on production costs and on the number of unitsproduced over a twelve month period.Month Total ProductionCostsLevel of Activity(Units Produced)July $230,000 3,500August 250,000 3,750September 260,000 3,800October 220,000 3,400November 340,000 5,800December 330,000 5,500January 200,000 2,900February 210,000 3,300March 240,000 3,600April 380,000 5,900May 350,000 5,600June 290,000 5,000a) Determine the variable cost per unit and the fixed cost using the high-low method.b) What is the equation of the total mixed cost function?c) Based on the High-Low method, what is the total production costs if 6,500 units areproduced?d) Prepare the scatter diagram and insert the trendline or line of best-fit. Use a scale of 2cm to represent 1,000 units on the x-axis & 2 cm to represent $50,000 on the yaxis.e) Using the line of best-fit, determine the company’s fixed cost per month and the variablecost per unit. (Use 0 & 5,000…
5.) Income statement; protit percentage. The Shelikoff Company submits the following informa- ion on December 31, 19--: $314,000 Sales for the year. Inventories at the beginning of the year: Finished goods Work in process. Materials Purchases of materials for the year Direct labor 5,900 4,600 3,800 140,000 67,350/ Factory overhead: 50% of labor cost Inventories at the end of the year: Finished goods Work in process. Materials. 9.270 6,200 4,300 Other expenses for the year: Marketing expenses Administrative expenses. 23,115 17,650 Required: (1) An income statement for the year ended December 31, 19-- (2) The percentage of income to sales, before income tax.

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