[The following information applies to the questions displayed below.] Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,000 units during November. The following production activity in both units and costs refers to the Assembly department's November activities. Assembly Department Units Direct Materials Percent Complete for Percent Complete for Conversion Beginning work in process inventory. 2,000 60% 40% Units started this period 10,000 Units completed and transferred out. 9,000 Ending work in process inventory 3,000 80% 30% Cost of beginning work in process Direct materials Conversion Direct materials $ 996 585 $ 1,581 Costs added this month Conversion 10,404 12,285 22,689 Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the weighted average method. Cost per Equivalent Unit of Production Direct Materials Conversion Costs transferred out Total costs +Equivalent units of production Cost per equivalent unit of production
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
![[The following information applies to the questions displayed below.]
Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department started 10,000
units during November. The following production activity in both units and costs refers to the Assembly department's
November activities.
Assembly Department
Units
Direct
Materials
Percent
Complete for
Percent
Complete for
Conversion
Beginning work in process inventory.
2,000
60%
40%
Units started this period
10,000
Units completed and transferred out.
9,000
Ending work in process inventory
3,000
80%
30%
Cost of beginning work in process
Direct materials
Conversion
Direct materials
$ 996
585
$ 1,581
Costs added this month
Conversion
10,404
12,285
22,689
Calculate the Assembly department's cost per equivalent unit of production for materials and for conversion for November. Use the
weighted average method.
Cost per Equivalent Unit of Production
Direct Materials Conversion
Costs transferred out
Total costs
+Equivalent units of production
Cost per equivalent unit of production](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F72187745-fa86-44e6-9095-f97b70706a58%2F197d399e-44b5-44dd-a757-8e5a412102d7%2Fzeqnwii_processed.png&w=3840&q=75)
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