Managerial Accounting - Connect Access
Managerial Accounting - Connect Access
7th Edition
ISBN: 9781260482973
Author: Wild
Publisher: MCG
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Chapter 6, Problem 2QS
To determine

Production cost:

Production cost or cost of production is that cost which comes in developing a new product or in the process of providing service. It includes all the cost of direct labor, factory overhead, direct materials and all the other expenses involve during the process.

Production cost per unit under variable costing.

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4 POINTS
In the month of September, a department had 9,500 units in beginning work in process that were 60% complete. During September, 28,500 units were transferred into production from another department. At the end of September, there were 5,500 units in ending work in process that were 50% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. A. The equivalent units of production for materials in September were __. B. The equivalent units of production for conversion costs for September were __.
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