Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Barnett Counter Co. produces quartz countertops in two sequential production departments Forming and Polishing. The Polishing Department calculated the following costs per equivalent unit (square
Barnett Counter Co. produces quartz countertops in two sequential production departments Forming and Polishing. The Polishing Department calculated the following costs per equivalent unit (square foot on its March production cost report (Click the icon to view the costs per equivalent unit.) During March, 150,000 square foot were completed and transferred out of the Polishing Department to Finished Goods Inventory. The countertops were subsequently sold for $11.00 per square foot. 1. What was the cost per square foot of the finished product? What was the cost per square foot of the finished product? Did most of the production cost occur in the Forming Department or in the Polishing Department? Explain how you can tol where the most production cost occurred. What was the gross profit per square foot? What was the total gross profit on the countertops produced in March Bamer's cost per square foot of making one unit is $ 2. Dld most of the production cost occur in the Forming Department or in the Polishing Department? Explain how you can tell where the most production cost occurred. Most of the cost of producing the countertops occurred in the SML represent the bulk of the cost incurred per unit. 3. What was the gross profit per square foot? Enter the formula, the compute the gross profit per square foot (Round your answer to the newestent.) Gross profit per square foot 4. What was the total gross profit on the countertops produced in March Enter the form then compute the gross profit per square foot Total gross proft Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro 3. What was uU YIUS3 plumpur What was the total gross profit on the countertops prou transferred out of the Polishing Department to quently sold for $11.00 per square foot. oduct? i Data Table Transferred-in 2.24 Direct Materials 0.20 Conversion Costs $ 1.36 Cost per equivalent unit: $ Print Done ps produced in March? er square foot - Total gross profit the input fields and then continue to the next question MacBook Pro FS Bamell Counter Co. produces quartz countertops in two sequential production departments: Forming and Polishing. The Polishing Department calculated the following costs per equivalent unit (square foot) on its March production cost report Click the icon to view the costs per equivalent unit.) 2. What was the cost per square foot of the finished product? Did most of the production cost occur in the Forming Department or i Explain how you can tell where the most production cost occurred. What was the gross profit per square foot? What was the total gross profit on the countertops produced in Marc 4. During March, 150,000 square foot were completed and transferred out of the Polishing Department to Finished Goods Inventory. The countertops were subsequently sold for $11.00 per square foot. Barnett's cost per square foot of making one unit is $ 2. Did most of the production cost occur in the Forming Department or you can tell where the most production cost occurred. Department. The Most of the cost of producing the countertops occurred in the C r epresent the bulk of the cost incurred per unit 3. What was the gross profit per square foot? Enter the formula, then compute the gross profit per square foot. (Round profit per quan foot . What was the total gross profit on the countertops produoed in March? nter the formula, then compute the gross profit per square foot Total gross profit Dose from any list or enter any number in the input fields and then continue to the next question MacBook Pro
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started