s are applied equally throughout production, and materials are applied at the beginning of the process. How much is the materials cost per unit if ending work in process was 25% complete and total materials costs equ

Q: Cane Company manufactures two products called Alpha and Beta that sell for $150 and $105,…

A: Fixed overhead is a collection of costs that do not change as a result of exercise increases.  The…

Q: Need Answer please provide Solutions

A: McNeil uses the high-low method of estimating costs. McNeil had total costs of $58,000 at its lowest…

Q: An unfinished desk is produced for $34.60 and sold for $64.65. A finished desk can be sold for…

A: Differential Analysis: Differential analysis refers to the analysis of differential revenue that…

Q: Want answer

A: Prime Costs:Prime costs are the total direct costs of manufacturing a product, which include direct…

Q: how much is the direct materials cost?

A: Let us discus the formula to begin with the answer Prime cost = Direct labor + Direct materials…

Q: I got requirements 1-3 correc

A: The forecast may also be done about the cash balance in hand the organization forecasts to keep and…

Q: Meadow uses the high-low method, had total costs of $300,250 at its lowest level of activity when…

A: Variable cost is the cost that changes with change in the activity of cost driver used. The variable…

Q: Faulty Towers, Inc., manufactures boom boxes (music systems with radio, cassette,and compact disc…

A: 1. A classification of the costs:At the output unit level, indirect manufacturing labor costs are a…

Q: The total prime cost for company XYZ was twice the conversion cost. The direct labor cost was…

A: Prime costs = Direct material costs + Direct labour cost Conversion cost = Direct labour cost +…

Q: Need Help

A: To estimate the total cost using the high-low method, we need to follow these steps:Identify the…

Q: Situation: consumption of material in production 100, wages in production 200, wages of…

A: Costing is the whole process of identifying the costs related to the production process, selling…

Q: Assume that a company uses the absorption costing approach to cost-plus pricing. It is considering…

A: Absorption costing is one of costing technique being used in business. Under this, total…

Q: Recording manufacturing costs in a JIT costing system Lancer, Inc. produces universal remote…

A: A journal entry is the recording of financial transactions in books of the business entity. It…

Q: What is the company’s total contribution margin under variable costing? 3. What is the company’s net…

A: The income statement is prepared to record the revenues and expenses of the current period. It helps…

Q: Toms Music Ltd. is considering changing its costing approach away from a traditional absorption…

A: Since the time per unit is the same for each product, the overheads per unit will also be the same.…

Q: Latex company manufactured clothes. Latex uses a process costing system. The following information…

A: When there is large production of comparable products and the costs associated with particular units…

Q: The company produced 8000 units in July. The production manager was asked to review these costs and…

A: Variable costs are those costs that depend on the production of goods and services, which means they…

Q: COVID Co. produces two different products (A and X) using two different activities: Machining, which…

A: The correct answer is Option(a).

Q: ridewater Company uses the product cost concept of applying the cost-plus approach to product…

A: Product cost concept  The costs incurred in the manufacturing of a product are referred to as its…

Q: Jones Company incurred the following costs while producing 100 chairs:   Units produced 100…

A: Absorption costing: Its also called as Full costing. In absorption costing considers all Direct…

Q: Data for the highest and lowest levels of production for Evans Company indicate that 50,000 units…

A: calculation of fixed cost are as follows

Q: An unfinished desk is produced for $36.00 and sold for $65.00. A finished desk can be sold for…

A: Given the following information: An unfinished desk is produced for $36.00 and sold for $65.00 A…

Q: Freshmart Inc. began operations last year when it produced and sold the same nuber of units. This…

A: Fixed overhead cost for 750 units = ($30,000 / 1,000) x 750 = $22,500

Q: Pauley Company needs to determine a markup for a new product. Pauley expects to sell 15,000 units…

A: Step 1:Computation of the variable cost per unit:Direct materials cost per unit$17Direct labor cost…

Q: Please Provide Correct Answer

A:

Q: Company, a portion of the materials (a by-product) is removed further processed and sold. The…

A: By product cost=Total cost of further processing --Estimated further process cost ... SSeparation…

Q: Polka King Gifts had the following costs in March when 400 ceramic statues were produced: materials,…

A: Total cost is the amount of cost incurred by the entity on the making of the goods. It includes both…

Q: Alltech Inc. has collected the following data. (There are no beginning inventories.) 510 units Units…

A: Absorption costing method of preparing income statement includes the portion of variable and fixed…

Q: The company produced 4000 units in July. The production manager was asked to review these costs and…

A: Solution:- Calculation of total costs for 4,350 units as follows under:-

Q: rice P200 10 per hour) our) P60 40 15

A: Conversion cost is the sum of direct Labor cost and Manufacturing overhead cost.   In the given…

Q: Vaughn, Incorporated, sold 16,000 units last year for $120.00 each. Variable costs per unit were…

A: The cost or profit per unit of a product earned prior to any variable costs is known as the…

Q: Facts and circumstances: A company produces three different products on several identical machines.…

A: Important Point = Variable cost per unit is (regid) remains constant . It is not change due to…

Q: c) If it is estimated that 13,800 factory machine hours will be run in July, what is the expected…

A: High-low method is one of the techniques that is used to separate fixed and variable components from…

Q: Crane is an electronics components manufacturer. Information about the company's two products…

A: Given, Overhead = $786,000 (i)Total allocated overhead:   AM -2 FM-9 Total Allocated overhead…

Q: The company produced 4000 units in July. The production manager was asked to review these costs and…

A: We know Variable cost is the cost that changes with the change in the level of activity and fixed…

Q: Required: 1. Prepare flexible overhead budgets for October showing amounts of each variable and…

A: When the real revenue is based on that budget, the flexible budget is updated with actual revenue or…

Q: Zion Manufacturing had always made its components in-house. However, Bryce Component Works had…

A: Between choosing alternative the company should be consider by taking following option. 1. cost…

Q: Harris Company manufactures and sells a single product. A partially completed schedule of the…

A: Total manufacturing cost: Total manufacturing cost is the aggregate amount of cost incurred by a…

Q: lis Company, a portion of the materials (a by-product) is removed further processed and sold. The…

A: By products are those products which are produced simultaneously with main product. Under reversal…

Q: In Department III of SAMCIS Company, a portion of the materials (a by-product) is removed further…

A: Estimated selling expenses  = Estimated sales price x 10% = 1.2 x 10% = P0.12 per unit

Q: Swifty and Miller Manufacturing is trying to determine the equivalent units for conversion costs…

A: The Numerical has covered the concept of Equivalents Units for Conversion Cost. In the next step, we…

Q: Bowen Company manufactures one product, It does not malntaln any beginning or ending Inventorles,…

A: 1)The Company is following Standard process, so on purchases the raw material shall increase by…

Q: On the basis of above information, what is the estimated cost for 1600 units from the following?

A: for calculating Estimated Cost, using following equation Y=a+ b(X)  Y = Estimated cost a = fixed…

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.