Question
19. Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in its Polishing Department: Equivalent units of productiondirect
19.
Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in its Polishing Department:
Equivalent units of productiondirect materials | 127,000 | EUP | |
Equivalent units of productionconversion | 109,600 | EUP | |
Costs in beginning Work in Processdirect materials | $ | 62,200 | |
Costs in beginning Work in Processconversion | $ | 45,700 | |
Costs incurred in Februarydirect materials | $ | 525,600 | |
Costs incurred in Februaryconversion | $ | 660,200 | |
The cost per equivalent unit of production for direct materials is:
22.
A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 40,000 units in beginning Work in Process inventory which were 50% complete; the department completed and transferred 175,000 units. At the end of the period, 32,000 units were in the ending Work in Process inventory and are 85% complete. Compute the number of equivalent units produced by the department.
24.
Gold Company uses a plantwide overhead rate with machine hours as the allocation base. Use the following information to solve for the amount of machine hours estimated per unit of product RST.
Direct material cost per unit of RST | $ | 19 | |
Total estimated manufacturing overhead | $ | 308,000 | |
Total cost per unit of RST | $ | 84 | |
Total estimated machine hours | 154,000 | MH | |
Direct labor cost per unit of RST | $ | 27 | |
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26. [The following information applies to the questions displayed below.] Angle Max Industries produces a product which goes through two operations, Assembly and Finishing, before it is ready to be shipped. Next years expected costs and activities are shown below.
Assembly | Finishing | |||||
Direct labor hours | 150,000 | DLH | 145,000 | DLH | ||
Machine hours | 350,000 | MH | 78,750 | MH | ||
Overhead costs | $ | 350,000 | $ | 507,500 | ||
Assume that the Assembly Department allocates overhead based on machine hours, and the Finishing Department allocates overhead based on direct labor hours. How much total overhead will be assigned to a product that requires 1 direct labor hour and 3.0 machine hours in the Assembly Department, and 3.6 direct labor hours and 0.5 machine hours in the Finishing Department?
27.
[The following information applies to the questions displayed below.] Angle Max Industries produces a product which goes through two operations, Assembly and Finishing, before it is ready to be shipped. Next years expected costs and activities are shown below.
Assembly | Finishing | |||||
Direct labor hours | 150,000 | DLH | 145,000 | DLH | ||
Machine hours | 350,000 | MH | 78,750 | MH | ||
Overhead costs | $ | 350,000 | $ | 507,500 | ||
Assume that the Assembly Department allocates overhead using a plantwide overhead rate based on machine hours. How much total overhead will be assigned to a product that requires 1 direct labor hour and 3.00 machine hours in the Assembly Department, and 3.60 direct labor hours and 0.5 machine hours in the Finishing Department?
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