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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 1, it had no work-in-process inventory. It started production of 14,600 cases of the drink in October and shipped 10,600 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 1, it had no work-in-process
inventory. It started production of 14,600 cases of the drink in October and shipped 10,600
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 55 percent complete
on October 31. Compute the cost of cases shipped and the amount in work-in-process ending
inventory as of October 31.
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 two-stage cost allocation system: It uses direct-material costs to allocate
material handling overhead and direct-labor 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 $ 87,523
Conversion costs (labor and overhead)267,037
Required:
The production supervisor estimates that the ending work in process is 55 percent complete on October 31. Compute the cost of cases shipped and the amount in work-in-process ending inventory as of October 31.
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