Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bramble Company had the following department information for the month of September: Total materials costs, $46000; equivalent units of materials, 20000; total conversion costs, $32000;

Bramble Company had the following department information for the month of September: Total materials costs, $46000; equivalent units of materials, 20000; total conversion costs, $32000; and equivalent units of conversion costs, 8000. What is the total manufacturing cost per unit for the month of September?image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Bramble Company had the following department information for the month of September: Total materials costs, $46000; equivalent units of materials, 20000; total conversion costs, $32000; and equivalent units of conversion costs, 8000. What is the total manufacturing cost per unit for the month of September? O $4.00. O $2.79. O $6.30. O $1.60. A process with 1500 units of beginning work in process, completed and transferred out 25300 units during a period. There were 9100 units in the ending work in process that were 50% complete as to conversion costs. Materials are added 80% at the beginning of the process and 20% when the units are 90% complete. How much is equivalent units of production for the period for material costs? O 32580 equivalent units. O 30760 equivalent units. O 34400 equivalent units. O 27120 equivalent units. Which of the following is a true statement about process cost systems? O A process cost system has one work in process account for each process. Unit costs are not computed in process cost systems. In process cost systems, costs are summarized on job cost sheets. In process cost systems, costs are accumulated but not assigned. Compute the cost of goods sold in dollars and as a percentage of net sales for each year. 2019 2018 Cost of goods sold in dollars Cost of goods sold as a percentage of net sales % % Compute operating expenses in dollars and as a percentage of net sales for each year. (Income taxes are not operating expenses). (Round percentages to 1 decimal place, e.g. 15.2% and all other answers to 0 decimal places, e.g. 1,525.) 2019 2018 Operating expenses in dollars $ $ Operating expenses as a percentage of net sales % %

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

Students also viewed these Accounting questions