Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Below is the question I need help with. Provided the numbers and information to solve the problem Johnson Paper Co produces the paper used by

Below is the question I need help with. Provided the numbers and information to solve the problem

image text in transcribedimage text in transcribed
Johnson Paper Co produces the paper used by wallpaper manufacturers. Johnson's four-stage process includes mixing cooking rolling, and cutting The Mixing Dapartment compiled the following data for March: (i) [Glick the icon to viam additional information ) Tif (Click the icon to view the data ) Read the paquitaments Requirement 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted average method. (Round al cost per unit amounts to the nearest cent and all other amounts to the nearest whole dollar Abbreviation used: EUP = equi Johnson Paper, Co. Production Cost Report-Mixing Department Data Table - X Month Ended March 31 Equivalent Units Physical Direct Conversion Direct Direct Manufacturing Total UNITS Units Materials Costs Materials Labor Overhead Allocated Costs Units to account for Baginning inventory, Mar. 1 3 280 6D 5 250 590 Costs added during March 4.850 HEE 19E E 11, 450 Total costa 5,150 3270 5 3,610 12,040 Total units to socount for Print Done Units accounted for - X Total units accounted for More Info Direct Conversion Total COSTS Materials Costs Coats On March 1. the Mixing Department had 540 rolls of paper in process. During Coats 10 account for. March. the Mixing Department completed the mixing process for those 600 roils and also started and completed the mixing process for an additional 3,709 rolls of paper. The department started but did not finish the mixing process for an additional 690 rolls, which were 20%% complete with respect to both direct materialy and conversion work at the end of March. Direct materials and conversion costs Total costs to account for are incured evenly throughout the meing process. Past mar cubishad und Print Done Choose from any list or enter any number in the input fields and then continue to the next question.Johnson Paper Co. produces the paper used by wallpaper manufacturers. Johnson's four-stage process includes mixing cooking rolling, and cutting. The Mixing Dapartment compiled the following data for March: i][Click the icon to vism additional information ) [! (Click the icon to view the data ] Read the paqui ments Costs 10 account for. Total costs to account for Coal par equivalent unit Costs accounted for. Total costs accounted for Requirement 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. Begin with a summary joumal entry to record the assignment of direct materials, direct labor, and the allocation of manufacturing overhead to the Mixing Department. (Prepare a single compound journal entry Racard debits first, than credits. Exclude explanations from any joumal entries ) Date Accounts Debit Credit Mar. 31 Prepare the joumal entry to record the cast of the units completed and transformed out of the Mixing Dapartment Date Accounts Debit Credit Mar. 31

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

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

More Books

Students also viewed these Accounting questions

Question

Explain the causes of indiscipline.

Answered: 1 week ago

Question

Explain the factors influencing wage and salary administration.

Answered: 1 week ago

Question

1. Too understand personal motivation.

Answered: 1 week ago