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Work Order 1200A Work Order 1250A Number of chests 250 400 Operations 1. Cutting 2. Painting 3. Staining 4. Assembling Use Use Use Do not use Do not use Use Do not use Use 6. Packaging Use Use Selected budget information for December follows: Unassembled Chests Assembled Chests Total Chests 800 1,500 2,300 Direct materials costs $52,000 $180,000 $232,000 Budgeted conversion costs for each operation for December follow: Cutting Painting Staining Assembling Packaging $41,400 6,400 24,000 33,000 11,500 1. Using budgeted number of chests as the denominator, calculate the budgeted conversion-cost rates for each operation. 2. Using the information in requirement 1, calculate the budgeted cost of goods manufactured for the two December work orders. 3. Calculate the cost per unassembled chest and assembled chest for Work Order 1200A and Work Order 1250A, respectively. Required

Work Order 1200A Work Order 1250A Number of chests 250 400 Operations 1. Cutting 2. Painting 3. Staining 4. Assembling Use Use Use Do not use Do not use Use Do not use Use 6. Packaging Use Use Selected budget information for December follows: Unassembled Chests Assembled Chests Total Chests 800 1,500 2,300 Direct materials costs $52,000 $180,000 $232,000 Budgeted conversion costs for each operation for December follow: Cutting Painting Staining Assembling Packaging $41,400 6,400 24,000 33,000 11,500 1. Using budgeted number of chests as the denominator, calculate the budgeted conversion-cost rates for each operation. 2. Using the information in requirement 1, calculate the budgeted cost of goods manufactured for the two December work orders. 3. Calculate the cost per unassembled chest and assembled chest for Work Order 1200A and Work Order 1250A, respectively. Required

FINANCIAL ACCOUNTING
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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Operation costing. The Carter Furniture Company needs to determine the cost of two work orders for December 2017. Work Order 1200A is for 250 painted, unassembled chests and Work Order 1250A is for 400 stained, assembled chests. The following information pertains to these two work orders:

Work Order 1200A Work Order 1250A Number of chests 250 400 Operations 1. Cutting 2. Painting 3. Staining 4. Assembling Use Use Use Do not use Do not use Use Do not use Use 6. Packaging Use Use Selected budget information for December follows: Unassembled Chests Assembled Chests Total Chests 800 1,500 2,300 Direct materials costs $52,000 $180,000 $232,000 Budgeted conversion costs for each operation for December follow: Cutting Painting Staining Assembling Packaging $41,400 6,400 24,000 33,000 11,500
Transcribed Image Text:Work Order 1200A Work Order 1250A Number of chests 250 400 Operations 1. Cutting 2. Painting 3. Staining 4. Assembling Use Use Use Do not use Do not use Use Do not use Use 6. Packaging Use Use Selected budget information for December follows: Unassembled Chests Assembled Chests Total Chests 800 1,500 2,300 Direct materials costs $52,000 $180,000 $232,000 Budgeted conversion costs for each operation for December follow: Cutting Painting Staining Assembling Packaging $41,400 6,400 24,000 33,000 11,500
1. Using budgeted number of chests as the denominator, calculate the budgeted conversion-cost rates for each operation. 2. Using the information in requirement 1, calculate the budgeted cost of goods manufactured for the two December work orders. 3. Calculate the cost per unassembled chest and assembled chest for Work Order 1200A and Work Order 1250A, respectively. Required
Transcribed Image Text:1. Using budgeted number of chests as the denominator, calculate the budgeted conversion-cost rates for each operation. 2. Using the information in requirement 1, calculate the budgeted cost of goods manufactured for the two December work orders. 3. Calculate the cost per unassembled chest and assembled chest for Work Order 1200A and Work Order 1250A, respectively. Required
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