What is the total costs transferred from Department B to Department C?P619,890P621,030P614,680P603,250 RC Company produces a product that undergoes three processes and thecompleted items at end of process 3 are the items to be sold to customers...For December 2021, RC Company presented the following costs on threeprocesses:Costs incurred:Process AProcess BProcess CMaterials149,40098,80079,04080% at the122,25096,80077,44050% at beginning,100,000.0092,400.0073,920.0040% at beginning,30% at 50%Direct LaborOverheadMaterials areadded at:beginning,remaining 20% at50% complete.50% at 80%completecomplete, andremaining 30% at80% complete.Started/Transferred 50,000 unitsInCompleted andtransferred out49,000 units47,500 units45,000 unitsIn Process, end1,000 units 40%1,000 units 70%1,500 units 60%completecomplete, 500 unitsat 40% complete.complete; 1,000units 30% complete

Costing systems is categorized as job order costing system and process costing. Under job order…

RC Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers.. For December 2021, RC Company presented the following costs on three processes: Costs incurred: Materials Direct Labor Overhead Materials are added at: Started/Transferred In Completed and transferred out In Process, end Process A 149,400 98,800 79,040 80% at the beginning, remaining 20% at 50% complete. 50,000 units 49,000 units 1,000 units 40% complete Process B 122,250 96,800 77,440 50% at beginning, 50% at 80% complete ? 47,500 units 1,000 units 70% complete, 500 units at 40% complete. Process C 100,000.00 92,400.00 73,920.00 40% at beginning, 30% at 50% complete, and remaining 30% at 80% complete. ? 45,000 units 1,500 units 60% complete; 1,000 units 30% complete

RC Company produces a product that undergoes three processes and the completed items at end of process 3 are the items to be sold to customers.. For December 2021, RC Company presented the following costs on three processes: Costs incurred: Materials Direct Labor Overhead Materials are added at: Started/Transferred In Completed and transferred out In Process, end Process A 149,400 98,800 79,040 80% at the beginning, remaining 20% at 50% complete. 50,000 units 49,000 units 1,000 units 40% complete Process B 122,250 96,800 77,440 50% at beginning, 50% at 80% complete ? 47,500 units 1,000 units 70% complete, 500 units at 40% complete. Process C 100,000.00 92,400.00 73,920.00 40% at beginning, 30% at 50% complete, and remaining 30% at 80% complete. ? 45,000 units 1,500 units 60% complete; 1,000 units 30% complete

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

nku.4
! Required information SB The following information is. [The following information applies to the questions displayed below.] The following information is departmental cost allocation with two service departments and two production departments. Percentage Service Provided to Department Service 1 (S1) Service 2 (S2) Production 1 (P1) Production 2 (P2) P1 P2 Brief Exercise 7-14 [LO 7-3] Cost $ 49,000 S1 0% 39,000 25 290,000 340,000 Total Cost Allocated What is the amount of service department cost allocated to P1 and P2 using the direct method if the cost in P1 is changed from $290,000 to $310,000? S2 P1 P2 30% 35% 35% 0 45 30
H3. Account
Chapter) 254 Numbers 10 to 21 are based on the following data: service annual departments to the producing departments on the baside available: better that maintenance and engineering service hours be used service cost allocation basis. The following data was Producing Departments Dept. B Service Departments Dept. A Dept. C Maintenance Engineering 400 Maintenance hours Engineering hours Overhead costs 800 800 200 400 P90,000 200 400 P50,000 400 P80,000 P54,000 P12,000 p0ol method) whot
C3
Q45 Under which of the following cost approach limitations the economic value of human resources increases over time as the people gain experience but the capital cost diminishes through amortization process and hence becomes difficult to reconcile it. a. Standard cost b. Replacement cost c. Opportunity cost d. Historical cost
i.3
A fixed cost is a cost that does not vary in the short run with a specified activity. The defining characteristic of a fixed cost is that it depends on the amount of a resource that is acquired rather than the amount that is used. For this reason fixed costs are often called capacity-related costs. Write 300 to 400 words that explain the difference between fixed costs and variable costs. The example may be of a company you’ve worked with or another company that has these types of costs
Identify relevant costs for different E23.18 (LO 1, 2, 3, 4, 5, 6) The costs listed below relate to a variety of different decision situations. decisions. Cost Decision Eliminate an unprofitable segment Make or buy Equipment replacement Sell or process further Accepting a special order Eliminate an unprofitable segment (manager will be terminated) Equipment replacement Sell or process further Equipment replacement (the amount of materials required does not change) Purchase or lease a building 1. Unavoidable fixed overhead 2. Direct labor 3. Original cost of old equipment 4. Joint production costs 5. Opportunity cost 6. Segment manager's salary 7. Cost of new equipment 8. Incremental production costs 9. Direct materials 10. Rent expense Problems: Set A 23-33 Instructions For each cost listed above, indicate if it is relevant or not to the related decision. For those costs determined to be irrelevant, briefly explain why.
Please Answer part 4. Part 1-3 answers Part 1 Computation of Cost Allocation Rate for each activity: Activity Costs Base usage Allocation rate Material Handling 160,000 20,000 8 Packaging 390,000 2,000 195 Quality Assurance 112,000 1,600 70 Total 662,000 Part 2 Activity Usage of All Activities: Activity Commercial Travel Total Material Handling 8700 4450 13,150 Packaging 900 300 1,200 Quality Assurance 270 370 640 Allocation of Cost basis Usage: Activity Commercial Travel Material Handling 69,600 35600 (Activity Usage * Cost Allocation Rate) (8,700 * 8) (4450 * 8) Packaging 175,500 58500 Quality Assurance 18,900 25900 Total 264,000 120000 Units Produced 3,000 20000 Cost Per Unit 88 6 Part 3 Particulars Commercial Travel Usage of…
A8
Costs associated with two alternatives, code-named Q and R, being considered by Albiston Con Supplies costs Power costs Inspection costs Assembly costs a. Supplies costs a. Power costs Alternative Q Alternative R $ 67,000 $ 67,000 $ 31,000 $ 30,100 $ 30,100 $ 35,000 Required: a. Which costs are relevant and which are not relevant in the choice between these two alternat b. What is the differential cost between the two alternatives? a. Inspection costs a. Assembly costs b. Differential cost $ 21,000 $ 35,000 ६