Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Burleson Company manufactures car seats in its Denver plant. Each car seat passes through the assembly department and the testing department This problem focuses
Burleson Company manufactures car seats in its Denver plant. Each car seat passes through the assembly department and the testing department This problem focuses on the assembly department (Click the icon for Burleson's process-costing system information) More info Data for the assembly department for October 2020 are as follows (Click the icon to view the assembly department data) Read the requirement Data table page The process-costing system at Burleson Company has a single direct cost category (direct materials) and a single indrect-cost category (conversion costs) Direct materials are added at the beginning of the process Conversion costs are added evenly during the process. When the assembly department finishes work on each car seat, it is immediately transferred to testing Burleson Company uses the weighted average method of process costing Requirements - X Work in process October 1 Started during October 2020 Completed during October 2020 Work in process. October 31 Total costs added during October 2020 Physical Units (Car Seats)) Direct Conversion Costs $527 280 Materials 5.200 $1,432.600 19.0001 21.500 2.700 D "Degree of completion oned materials, 7% conversion costs 65% Degree of compon drect matenas conversion costs 80% $4 085 000 $2028.000 1. For each cost category compute equivalent units in the assembly department Show physical units in the first column of your schedule 2. What issues should the manager focus on when reviewing the equivalentun calculations? 3 For each cost category summarize total assembly department costs for October 2020 and calculate cost per equivalent und 4. Assign costs to units completed and transferred out and to units in ending work in process Print Done Print Done Clear all Check answer X
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started