BeGone manufactures spray cans of insect repellent. On August 1, the company had 13,720 units in...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
BeGone manufactures spray cans of insect repellent. On August 1, the company had 13,720 units in the beginning WIP Inventory that were 100 percent complete as to canisters, 60 percent complete as to other materials, 40 percent complete as to direct labor, and 20 percent complete as to overhead. During August, BeGone started 114,100 units in the manufacturing process. Ending WIP Inventory included 6,440 units that were 100 percent complete as to canisters, 40 percent complete as to other materials, 20 percent complete as to direct labor, and 10 percent complete as to overhead. Cost information for the month is as follows: Beginning WIP Inventory Canisters $9.149 Other direct materials 7,409 Direct labor 7,832 Overhead 1,498 August costs Canisters $86,716 Other direct materials 121,510 Direct labor Overhead 98,431 224,246 Prepare a schedule showing the BeGone August computation of FIFO equivalent units of production and cost per equivalent unit. Note: Round the cost per equivalent unit amounts to two decimal places. 1. FIFO equivalent units of production Beginning WIP Inventory Started & completed EUP Canisters Other Materials 0 0 0 0 0 0 0 0 0 0 0 2. Schedule of cost per equivalent units of production Canisters Other Materials DL Total Current period $ 05 05 Divided by EUP Cost per EUP BeGone manufactures spray cans of insect repellent. On August 1, the company had 13,720 units in the beginning WIP Inventory that were 100 percent complete as to canisters, 60 percent complete as to other materials, 40 percent complete as to direct labor, and 20 percent complete as to overhead. During August, BeGone started 114,100 units in the manufacturing process. Ending WIP Inventory included 6,440 units that were 100 percent complete as to canisters, 40 percent complete as to other materials, 20 percent complete as to direct labor, and 10 percent complete as to overhead. Cost information for the month is as follows: Beginning WIP Inventory Canisters $9.149 Other direct materials 7,409 Direct labor 7,832 Overhead 1,498 August costs Canisters $86,716 Other direct materials 121,510 Direct labor Overhead 98,431 224,246 Prepare a schedule showing the BeGone August computation of FIFO equivalent units of production and cost per equivalent unit. Note: Round the cost per equivalent unit amounts to two decimal places. 1. FIFO equivalent units of production Beginning WIP Inventory Started & completed EUP Canisters Other Materials 0 0 0 0 0 0 0 0 0 0 0 2. Schedule of cost per equivalent units of production Canisters Other Materials DL Total Current period $ 05 05 Divided by EUP Cost per EUP
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The least active investment banking firm in the private placement market is a . Merrill Lynch . b . Lehman Brothers. c . Goldman Sachs. d . Morgan Stanley.
-
Make a class diagram for the code below (code is in Java): import java.util.*; public class BeverlyBreads { public static void main(String[] args) { Scanner input = new Scanner(System.in); //Array...
-
23.A sample of 64 observations is drawn from any population. The sample mean is 49 and the population standard deviation is 5. The significance level is 0.05. You want to test the following...
-
What are the different relays that employed for protection of apparatus and transmission lines?
-
If, in a one-way analysis of variance, the sample sizes are unequal and there are ni observations for the ith treatment, show that Is analogous to the identity of Theorem 15.1. Also show that the...
-
Country Contractors, Inc., contracted to provide excavation services for A Westside Storage of Indianapolis, Inc., but did not complete the job and later -led for bankruptcy. Stephen Songer and Jahn...
-
Logically, should a foreign investor with little knowledge of the country pay more or less for a company? Explain why foreign investors often offer the highest price. What is the role of the...
-
Lansing Electronics Inc. manufactures a variety of printers, scanners, and fax machines in its two divisions: the PSF Division and the Components Division. The Components Division produces electronic...
-
bability of selecting a bird or an even number is integer or a simplified fraction.) 30 1237
-
Kowona Sdn Bhd is considering of buying a 3-axis moulding machine Acooan, for RM540000. The operating and maintenance costs will be RM65000 for the first year and that they will increase by RM10000...
-
It takes a horizontal force of 62 N to get a 22 kg box to start moving across the floor. When the box is moving, it only takes a force of 57 N to keep it moving at a constant speed. What are the...
-
Explain each of the following in terms of Newton's 3rd Law. a) A squid moves through the water by taking in water and expelling it. b) Walking on a wagon is dangerous c) A helicopter can hover above...
-
Read the paragraph below and give your opininon. What are your thoughts ? Do you agree or not? AWS RDS and AWS DynamoDB are both databases provided by AWS. Starting with AWS RDS, this database is a...
-
1. 2. If you were a Mattel employee, would you be encouraged by what CEO Ynon Kreiz said about how he is following up on restructuring? Is there a way he could have said it better? Given that...
-
Black Betty Inc.'s sales of bonnets are 10% cash and 90% on credit. Previous collections history shows that credit sales are collected as follows: 25% in the month of sale 70% in the month following...
-
Clara invested $12,000 in a mutual fund and received $20,200 when she sold the investment a year later. During that time, she also received dividends of $1,100 what was her return? O 77.5% 68% O 6.8%...
-
Read the following description and Write a response of it. The discretion of public administrators can be decreased, but not altogether eliminated. Officials will use their discretion in any given...
-
Lomax Company typically acquires a large number of individually insignificant properties each year. In computing impairment, Lomax groups these properties by year of acquisition. During 2015, Lomax...
-
On January 1, 2010, Local Petroleum entered into a concession agreement with the government of Egypt and paid a \($3,000,000\) signing bonus. The agreement covers 20,000 acres, has a term of five...
-
Opaque Corporation purchased land in fee for \($420,000\). The land was located in a remote area in Oklahoma. An appraiser estimated the fair market value of the surface rights to be \($200,000\)....
Study smarter with the SolutionInn App