Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer Questions 14-17 depends on the following information: ABC manufactures music player that has two cost categories, direct materials and conversion costs. Each product must

Answer Questions 14-17 depends on the following information:

ABC manufactures music player that has two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department, and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. The company uses weighted-average costing.

The following information is available for the month of March for the Assembly department.

Work in process, beginning inventory 300 units

Conversion costs (30% complete)

Units started during April 800 units

Work in process, ending inventory: 100 units

Conversion costs (50% complete)

The cost details for the month of March are as follows:

Work in process, beginning inventory:

Direct materials $345,000

Conversion costs $360,000

Direct materials costs added during April $700,000

Conversion costs added during April $1,120,000

compute the total equivalent units for direct materials and conversion costs, respectively, for March?

Group of answer choices

1,050 units; 1,100 units

1000 units; 1050 units

1,100 units; 1,100 units

1,100 units; 1,050 units.

image text in transcribed

image text in transcribed

Question 15 2 pts What is the direct materials cost per equivalent unit during March 0 $950 O $995 O $636 O $313 Question 16 2 pts What is the conversion cost per equivalent unit in March? $1,409.52 10 $1,066.52 $1.595.52 $1,345.52 2 pts Question 17 What amount of direct materials costs is assigned to the ending Work-in-Process account for March? O $31,363 O $63,636 $75.075 o $95.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Sound Investing, Chapter 19 - Related-Party Transaction Ruse

Authors: Kate Mooney

1st Edition

0071719415, 9780071719414

More Books

Students also viewed these Accounting questions

Question

Understand the nature and importance of collective bargaining

Answered: 1 week ago