Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ch 03 Quiz 4 points A Sa Help Save & Exit Sube TB MC Qu. 03-155 (Algo) An ice cream manufacturer makes... An ice cream

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Ch 03 Quiz 4 points A Sa Help Save & Exit Sube TB MC Qu. 03-155 (Algo) An ice cream manufacturer makes... An ice cream manufacturer makes ice cream in two processes, Mixing and Packaging. During April, its first month of business, the Packaging department transferred 201,000 units and $502.500 of production costs to finished goods. The company completed and sold 193,000 units at a price of $4.00 per unit in April. What is the total gross profit on ice cream sales for April. Multiple Choice O $42,500 $289,500 $772,000 $13,000 $579,000 5 1 points TB MC Qu. 03-165 (Algo) Following is a partial process... Following is a partial production cost report for Mitchell Manufacturing's Canning Department. Equivalent units of production (EUP) Direct Materials Conversion Percent Units Complete Completed and transferred out 52,000 100% EUP 52,000 Percent Complete ellock Ending Work in Process 12,000 100% 12,000 100% 80% EUP 52,000 9,600 64,000 61,600 Ask Cost per EUP Direct Materials Conversation Cost of beginning work in process Costs added this period $ 40,700 $ 60,000 184,000 References Total costs EUP from part (a) Cost per EUP 136,700 $177,400 64,000 $ 2.77 per EUP The total direct materials costs transferred out of the Canning department equals: $ 244,000 61,600 $3.96 per EUP Me Graw Hill Multiple Choice $144,040 > He Ch03 Quiz 5 points Losts added this period Total costs EUP from part (a) Cost per EUP 136,700 $177,400 Saved 64,000 $ 2.77 per EUP The total direct materials costs transferred out of the Canning department equals 184,000 $ 244,000 61,600 $3.96 per EUP eBook Multiple Choice $144,040 $170,632 $177,400 $177.200 $205,920 Help Save & Exit 1 6 points +Book Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in its Polishing department Equivalent units of production-direct materials Equivalent units of production-conversion Costs in beginning Work in Process-direct materials Costs in beginning Work in Process-conversion Costs incurred in February-direct materials Costs incurred in-February-conversion The cost per equivalent unit of production for conversion is: 102,000 EUP 88,200 EUP $ 53,200 $ 39,100 $449,800 $ 565,000 Me Graw Ask Multiple Choice O $1151 $6.41 $6.05 5592 Ch 03 Quiz 7 1 points Seved TB MC Qu. 03-166 (Algo) Following is a partial process... Following is a partial production cost report for Mitchell Manufacturing's Canning department. Equivalent units of production (EUP) Direct Materials Percent Conversion Units Complete EUP Percent Complete EUP Completed and transferred out 56,000 100% 56,000 100% 56,000 eBook Ending Work in Process 9,000 100% 9,000 80% 5,400 65,000 61,400 Ase Cost per EUP Direct Materials: Conversion Total costs Cost of beginning work in process Costs added this period. +Equivalent units of production Cost per EUP $ 42,100 $ 61,900 141,000 189,700 $ 183,100 $251,600 65,000 61,400 $ 2.82 per EUP $ 4.10 per EUP The total conversion costs transferred out of the Canning department equals: Help Save & Exi

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

Recommended Textbook for

Financial Accounting Information for Decisions

Authors: John J. Wild

8th edition

125953300X, 978-1259533006

More Books

Students also viewed these Accounting questions

Question

Name five ways for small businesses to conduct international trade.

Answered: 1 week ago