MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting, The Financial Chapters (My Accounting Lab)
11th Edition
ISBN: 9780133877502
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 20, Problem S20.6SE
Calculating conversion costs and unit cost
Russia Spring produces premium bottled water. Russia Spring purchases artesian water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling.
During February, the filtration process incurred the following
Wages of workers operating filtration equipment $ 19,950
Manufacturing
150,000
Russia Spring had no beginning Work-in-Process Inventory in the Filtration Department in February.
Requirements
1. Compute the February conversion costs in the Filtration Department.
2. The Filtration Department completely processed 150.000 liters in February. What was the filtration cost per liter?
Note- Short Exercise S20-5 must be completed before attempting Short Exercise S20-6.
S20-6 Computing EUP
Refer to Short Exercise S20-5. At Russia Spring, water is added at the beginning of the filtration process. Conversion costs are added evenly throughout the process. Now assume that in February, 80,000 liters were completed and transferred out of the Filtration Department into the Bottling Department. The 70,000 liters remaining in Filtration’s ending Work-in-Process Inventory were 80% of the way through the filtration process. Recall that Russia Spri9ng has no beginning inventories.
Compute the equivalent units of production for direct materials and conversion costs for the Filtration Department.
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Cold Spring produces premium bottled water. Cold Spring purchases artesian water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling. During February, the filtration process incurred the following costs in processing 190,000 liters:
Wages of workers operating the filtration equipment $21,950
Manufacturing overhead allocated to filtration 25,050
Water 150,000
Cold Spring had no beginning inventory in the Filtration Department in February.
Compute the February conversion costs in the Filtration Department.
Calculating conversion costs and unit cost
Spring Fresh produces premium bottled water. Spring Fresh purchases artesian waters stores the water in large tanks, and then runs the water through two processes: filtration and bottling.
During February, the filtration process incurred the following costs in processing 200,000 liters:
Spring Fresh had no beginning Work-in-Process Inventory in the Filtration Department in February and uses the Weighted-average method.
Requirements
Compute the February conversion costs in the Filtration Department.
The Filtration Department completely processed 200,000 liters in February. What was the filtration cost per liter?
Calculating conversion costs and unit cost—FIFO methodSpring Fresh produces premium bottled water. Spring Fresh purchases artesian Water, stores the water in large tanks, and then runs the water through two processes: filtration and bottling.
During February, the filtration process incurred the following costs in processing 200,000 liters:
Spring Fresh had no beginning Work-in-Process Inventory in the Filtration Department in February.
Requirements
Use the FIFO method to compute the February conversion costs in the Filtration Department.
The Filtration Department completely processed 200,000 liters in February. Use the FIFO method to determine the filtration cost per liter.
Chapter 20 Solutions
MyLab Accounting with Pearson eText -- Access Card -- for Horngren's Accounting, The Financial Chapters (My Accounting Lab)
Ch. 20 - Prob. 1QCCh. 20 - Prob. 2QCCh. 20 - Prob. 3QCCh. 20 - Prob. 4QCCh. 20 - Prob. 5QCCh. 20 - Prob. 6QCCh. 20 - Prob. 7QCCh. 20 - Prob. 8QCCh. 20 - Prob. 9QCCh. 20 - Prob. 10QC
Ch. 20 - 11A.Which statement is accurate concerning the...Ch. 20 - Prob. 1RQCh. 20 - Prob. 2RQCh. 20 - Prob. 3RQCh. 20 - Prob. 4RQCh. 20 - Prob. 5RQCh. 20 - Prob. 6RQCh. 20 - Prob. 7RQCh. 20 - Prob. 8RQCh. 20 - Prob. 9RQCh. 20 - Prob. 10RQCh. 20 - Prob. 11RQCh. 20 - Prob. 12RQCh. 20 - Prob. 13RQCh. 20 - 14. What is the weighted-average method for...Ch. 20 - Prob. 15RQCh. 20 - Prob. 16RQCh. 20 - Prob. 17RQCh. 20 - Prob. 18RQCh. 20 - Prob. 19RQCh. 20 - Prob. 20RQCh. 20 - Prob. 21RQCh. 20 - Prob. 22ARQCh. 20 - Describe the three groups of units that must be...Ch. 20 - Prob. 24ARQCh. 20 - Prob. S20.1SECh. 20 - S20-2 Tracking the flow of costs
Learning...Ch. 20 - Prob. S20.3SECh. 20 - Prob. S20.4SECh. 20 - Calculating conversion costs and unit cost Russia...Ch. 20 - Calculating conversion costs and unit cost Russia...Ch. 20 - Prob. S20.7SECh. 20 - Prob. S20.8SECh. 20 - Prob. S20.9SECh. 20 - Prob. S20.10SECh. 20 - Prob. S20.11SECh. 20 - Prob. S20.12SECh. 20 - Prob. S20.13SECh. 20 - Prob. S20.14SECh. 20 - Prob. S20A.15SECh. 20 - Prob. S20A.16SECh. 20 - Prob. E20.17ECh. 20 - Prob. E20.18ECh. 20 - Prob. E20.19ECh. 20 - Prob. E20.20ECh. 20 - Prob. E20.21ECh. 20 - Prob. E20.22ECh. 20 - Prob. E20.23ECh. 20 - Prob. E20.24ECh. 20 - Prob. E20.25ECh. 20 - Prob. E20.26ECh. 20 - Prob. E20.27ECh. 20 - Prob. E20.28ECh. 20 - Prob. P20.29APGACh. 20 - Prob. P20.30APGACh. 20 - Prob. P20.31APGACh. 20 - Prob. P20.32APGACh. 20 - Prob. P20.33APGACh. 20 - Prob. P20.34APGACh. 20 - Prob. P20.35APGACh. 20 - Preparing a production cost report, no beginning...Ch. 20 - Prob. P20A.37APGACh. 20 - Prob. P20A.38APGACh. 20 - Prob. P20.39BPGBCh. 20 - Preparing a production cost report, second...Ch. 20 - Prob. P20.41BPGBCh. 20 - Prob. P20.42BPGBCh. 20 - Prob. 20.1DCCh. 20 - Prob. 20.1EI
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