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3. If Sandro incurred $9,000 of manufacturing overhead costs, was overhead over- or underapplied in November and by how much? Question 2. Choco produces snacks.
3. If Sandro incurred $9,000 of manufacturing overhead costs, was overhead over- or underapplied in November and by how much? Question 2. Choco produces snacks. Choco uses a traditional process costing system with weighted average method to compute equivalent units. The Baking Department has the following production and manufacturing cost data for November: Production: Materials were added at the beginning of the process. Beginning work in process had 4,000 boxes of chocolate that were 30% complete as to conversion costs. A total of 42,000 boxes were started into production. Ending work in process of 5,000 boxes was 40% complete as to conversion costs. Manufacturing Costs: Beginning work in process included $4,000 of materials and $6,000 of conversion costs. During the month: cost of direct materials added was $42,000, direct labor cost was 35,000 and overhead cost applied was $34,250 R2equiredt 1. Determine the equivalent units of production for materials and conversion costs for November. 2. Compute the unit costs for materials and conversion costs. 3. Determine the costs to be assigned to the units transferred out and ending work in process. 4. If materials had not been added at the beginning of the process, instead, the direct material costs had incurred uniformly throughout the process, this would have resulted in a 51,900 savings in November's direct materials costs (beginning direct materials are not affected) and the ending work in process would have been 80% complete as to materials. Compute the unit costs for materials based on this change. Question 3. Floras produces two products: hand soap and body soap. Floras uses an activity-based
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