Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cempaka Bhd. manufactures a product that goes through two departments prior to completion - the Mixing Department followed by the Packaging Department. The following information

image text in transcribed
image text in transcribed
Cempaka Bhd. manufactures a product that goes through two departments prior to completion - the Mixing Department followed by the Packaging Department. The following information is available about work in the first department, the Mixing Department, during March. Percent Completed Materials Conversion 60% 50% Work in process, beginning Started into production Completed and transferred out Work in process, ending Work in process, beginning Cost added during the year Unitsn 240,000 106,000 1,160,000 140,000 70% 40% RM87,300 RM66,800 RM900,300 RM445,200 Required: Assume that the company uses the weighted-average method. a) Determine the equivalent units for March for the mixing department. (CLO2:PLO1:C3) (3 marks) b) Compute the cost per equivalent unit for March for the mixing department. (CLO2:PLO1:C3) (5 marks) c) Determine the total cost of ending work in process inventory and the total cost of unit transferred to the packaging department. (CLO2:PLOI:C3) (7 marks) d) Prepare the cost reconciliation report for the mixing department for March. (CLO2:PLO1:C3) (4 marks) e) Explain the condition would it be appropriate to use a process costing systems? (CLO2.PLO2:C2) (2 marks) 1) Briefly explain TWO (2) similarities between job order and process costing (CLO2:PLO2:C2) (4 marks)

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

Question

5.13 Describe the key features of hoarding disorder.

Answered: 1 week ago