Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(Chapters 1-4) UESTION5-based on content from chapter 5-worth 10 points Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain

image text in transcribed
image text in transcribed
image text in transcribed
(Chapters 1-4) UESTION5-based on content from chapter 5-worth 10 points Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transferred out during the month Costs added to production during the month: Materials cost $ 2,300 $ 3,600 24,000 $ 98,750 Conversion cost Work in process, ending: S 220,500 Units in process Percent complete with respect to materials Percent complete with respect to conversion 80% 45% What was the cost per equivalent unit for materials during the month? OUESTION 6-based on content from chapter 5-worth 15 points Koehl Corporation uses the direct method to allocate service department costs to operating departments. The has two service departments, Administrative and Facilities, and two operating departments, Assembly company and Wholesaling. Service ents tin rtment Departmental costs Employee hours Space occupied Administrative Facilities Assembly Wholesaling $19,440 $71,340 $185,580 $392,950 14,000 2,000 4,000 2,000 22,000 2,000 1,000 39,000 Administrative costs are allocated on the basis of employee hours and Facilities costs are allocated on the basis of space occupied. What is the total Wholesaling Department cost after the allocations of service department costs? QUESTION 2-based on content in Chapter I-worth 10 points The following data pertains to activity and costs for two months: July 11,000 June Activity level in units 10,000 $17,000 21,000 Direct materials Fixed factory rent Manufacturing overhead Total cost 20.000S61,300 Question Assuming that these activity levels are within the relevant range, what would the July manufacturing overhead be? Consider showing your work in order to receive partial credit. (This is a bit tricky but you have all the information needed to solve the problem)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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