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Horngren's Accounting: The Managerial Chapters (12th Edition) (loose Leaf Version)
12th Edition
ISBN: 9780134486826
Author: MILLER-NOBLES, Tracie L.; Mattison, Brenda L.; Matsumura, Ella Mae
Publisher: PEARSON
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Textbook Question
Chapter 18, Problem S18.4SE
Computing manufacturing
Learning Objective 2
Sunglasses Unlimited Company manufactures sunglasses Following is a list of costs the company incurred during May. Use the list to calculate the total
Glue for frames | $ 250 |
4,000 | |
Plant depreciation | 7,500 |
Interest Expense | 1,500 |
Lenses | 52,000 |
Company president's salary | 24,500 |
Plant foreman's salary | 3,500 |
Plant janitor's wages | 1,300 |
Oil for manufacturing equipment | 150 |
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The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production.
Work in Process-Assembly Department
Transaction
Debit amount
Transaction
Credit amount
Bal., 3,000 units, 45% completed
6,900
To Finished Goods, 69,000 units
?
Direct materials, 71,000 units @ $1.4
99,400
Direct labor
106,400
Factory overhead
41,440
Bal., ? units, 55% completed
?
Cost per equivalent units of $1.40 for Direct Materials and $2.10 for Conversion Costs.
a. Based on the above data, determine the different costs listed below.
Line Item Description
Amount
1. Cost of beginning work in process inventory completed this period
fill in the blank 1 of 4$
2. Cost of units transferred to finished goods during the period
fill in the blank 2 of 4$
3. Cost of ending work in process inventory
fill in the blank 3 of 4$
4. Cost per unit of…
Hii expert please given correct answer financial accounting
The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production.
Date
Item
Debit
Credit
BalanceDebit
BalanceCredit
August 1
Bal., 6,300 units, 4/5 completed
16,884
31
Direct materials, 113,400 units
226,800
243,684
31
Direct labor
64,390
308,074
31
Factory overhead
36,212
344,286
31
Goods finished, 114,900 units
332,958
11,328
31
Bal., ? units, 2/5 completed
11,328
a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent.
Line Item Description
Amount
1. Direct materials cost per equivalent unit
$fill in the blank 1
2. Conversion cost per equivalent unit
$fill in the blank 2
3. Cost of the beginning work in process completed during August
$fill in the blank 3
4. Cost of units started and completed during August
$fill in the blank 4
5. Cost of the ending work in…
Chapter 18 Solutions
Horngren's Accounting: The Managerial Chapters (12th Edition) (loose Leaf Version)
Ch. 18 - Prob. 1QCCh. 18 - Prob. 2QCCh. 18 - Dunaway Company reports the following costs for...Ch. 18 - Which of the following is a direct cost of...Ch. 18 - Which of the following is not part of...Ch. 18 - Which of the following accounts does a...Ch. 18 - Questions 7 and 8 use the data that follow....Ch. 18 - Questions 7 and 8 use the data that follow....Ch. 18 - World-class businesses use which of these systems...Ch. 18 - Prob. 10QC
Ch. 18 - What is the primary purpose of managerial...Ch. 18 - List six differences between financial accounting...Ch. 18 - Explain the difference between line positions and...Ch. 18 - Explain the differences between planning,...Ch. 18 - Prob. 5RQCh. 18 - Describe a service company, and give an example.Ch. 18 - Describe a merchandising company, and give an...Ch. 18 - How do manufacturing companies differ from...Ch. 18 - List the three inventory accounts used by...Ch. 18 - Explain the difference between a direct cost and...Ch. 18 - What are the three manufacturing costs for a...Ch. 18 - Give five examples of manufacturing overhead.Ch. 18 - What are prime costs? Conversion costs?Ch. 18 - What are product costs?Ch. 18 - How do period costs differ from product costs?Ch. 18 - How is cost of goods manufactured calculated?Ch. 18 - How does a manufacturing company calculate cost of...Ch. 18 - How does a manufacturing company calculate unit...Ch. 18 - How does a service company calculate unit cost per...Ch. 18 - How does a merchandising company calculate unit...Ch. 18 - Prob. S18.1SECh. 18 - Prob. S18.2SECh. 18 - Distinguishing between direct and indirect costs...Ch. 18 - Computing manufacturing overhead Learning...Ch. 18 - Identifying product costs and period costs...Ch. 18 - Computing cost of goods sold, merchandising...Ch. 18 - Computing cost of goods sold and operating income,...Ch. 18 - Prob. S18.8SECh. 18 - Prob. S18.9SECh. 18 - Prob. S18.10SECh. 18 - S18-11 Matching business trends...Ch. 18 - Prob. S18.12SECh. 18 - Prob. E18.13ECh. 18 - Prob. E18.14ECh. 18 - Prob. E18.15ECh. 18 - Prob. E18.16ECh. 18 - Identifying differences between service,...Ch. 18 - Prob. E18.18ECh. 18 - Computing cost of goods manufactured Learning...Ch. 18 - Prob. E18.20ECh. 18 - Prob. E18.21ECh. 18 - Prob. E18.22ECh. 18 - Prob. E18.23ECh. 18 - Prob. E18.24ECh. 18 - Prob. P18.25APGACh. 18 - Classifying period costs and product costs...Ch. 18 - Calculating cost of goods sold for merchandising...Ch. 18 - Prob. P18.28APGACh. 18 - Preparing a schedule of cost of goods manufactured...Ch. 18 - Prob. P18.30APGACh. 18 - Prob. P18.31APGACh. 18 - Prob. P18.32APGACh. 18 - Prob. P18.33BPGBCh. 18 - Prob. P18.34BPGBCh. 18 - Prob. P18.35BPGBCh. 18 - Prob. P18.36BPGBCh. 18 - Prob. P18.37BPGBCh. 18 - Prob. P18.38BPGBCh. 18 - Prob. P18.39BPGBCh. 18 - Prob. P18.40BPGBCh. 18 - Prob. P18.41CTCh. 18 - Prob. P18.42CPCh. 18 - Prob. 18.1TIATCCh. 18 - Prob. 18.1DCCh. 18 - Prob. 18.1EI
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