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Bremen Fitness Products produces a sports drink. On October 1 , it had no work - in - process inventory. It started production of 1
Bremen Fitness Products produces a sports drink. On October it had no workinprocess inventory. It started production of cases of the drink in October and shipped cases to retailers. Bremen holds no finished goods inventory. The costs of the resources used by Bremen in October consist of the following. Bremen Fitness Products produces a sports drink. On October it had no workinprocess
inventory. It started production of cases of the drink in October and shipped
cases to retailers. Bremen holds no finished goods inventory. The costs of the resources used
by Bremen in October consist of the following.
Required:
The production supervisor estimates that the ending work in process is percent complete
on October Compute the cost of cases shipped and the amount in workinprocess ending
inventory as of October
Note: Do not round intermediate calculations. Tacoma Accessories makes two laptop cases, Plastic and Leather, that require direct materials,
direct labor, and overhead. The following data refer to operations expected for next quarter:
Tacoma uses a twostage cost allocation system: It uses directmaterial costs to allocate
material handling overhead and directlabor costs to allocate fabrication overhead costs.
Required:
a Compute the material handling overhead rate for next quarter.
b Compute the fabrication overhead rate for next quarter.
c What is the total overhead allocated to the Plastic case next quarter?
d What is the total overhead allocated to the Leather case next quarter?
Materials $
Conversion costs labor and overhead
Required:
The production supervisor estimates that the ending work in process is percent complete on October Compute the cost of cases shipped and the amount in workinprocess ending inventory as of October
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