Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

16) Golden Ring Company produces two types of product: Large and Larger. Two work orders for two batches (1.67pts) of the products are shown below,

image text in transcribed
image text in transcribed
16) Golden Ring Company produces two types of product: Large and Larger. Two work orders for two batches (1.67pts) of the products are shown below, along with some additional cost information: Large Work Order 10 $45,000 Larger Work Order 11 $75,000 Direct materials (actual costs) 2 Applied conversion costs: Mixing Cooking Bottling $12,000 $12,000 $10,000 $15,000 Batch size (bottles) 5,000 5,000 Batch size (bottles) 5,000 5,000 In the Mixing Department, conversion costs are applied on the basis of direct labor hours. Budgeted convention costs for the department for the year were $50,000 for labor and $125,000 for overhead. Budgeted direct labor hours were 2,500. It takes three minutes to mix the ingredients needed for each bottle. Large (Work Order 10) and Larger (Work Order 11) flow through the Mixing Department first, then through the Cooking and Bottling departments What is Golden Ring Company's amount transferred from the Mixing Department to the Cooking Department for Work Order 10? $45.000 $62.500 $39.500 $84.500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mechanics Of Materials

Authors: Russell C. Hibbeler

11th Edition

0137605528, 9780137605521

Students also viewed these Accounting questions