Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Che Cooperative San Jos of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in

image text in transcribedimage text in transcribed

Che Cooperative San Jos of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in small bottles and is prized as a flavoring for drinks and for use in desserts. The bottles are sold for $12 each. The first stage in the production process is carried out in the Mixing Department, which removes foreign matter from the raw materials and mixes them in the proper proportions in large vats. The company uses the weighted-average method in its process costing system points A hastily prepared report for the Mixing Department for April appears below: Units to be accounted for: eBook Work in process, April 1 (materials 908 complete; conversion 80% complete) Started into production 8,100 38,700 46,800 Total units to be accounted for Print Units accounted for as follows: Transferred to next department Work in process, April 30 (materials 75% complete ; 35,800 11,000 46,800 References conversion 508 complete) Total units accounted for Cost Reconciliation Cost to be accounted for: Work in process,April 1 Cost added during the month Total cost to be accounted for Cost accounted for as follows: 23,490 119,676 143,166 Work in process, April 30 Transferred to next department 24,310 118,856 143,166 Total cost accounted for Management would like some additional information about Cooperative San Jos's operations. Required 1. What were the Mixing Department's equivalent units of production for materials and conversion for April? 2. What were the Mixing Department's cost per equivalent unit for materials and conversion for April? The beginning inventory consisted of the following costs: materials, $16,200; and conversion cost, $7,290. The costs added during the month consisted of materials, $80,710; and conversion cost, $38,966 3. How many of the units transferred out of the Mixing Department in April were started and completed during that month? 4. The manager of the Mixing Department stated, "Materials prices jumped from about $1.90 per unit in March to $2.40 per unit in April, but due to good cost control I was able to hold our materials cost to less than $2.40 per unit for the month." Should this manager be rewarded for good cost control? Complete this question by entering your answers in the tabs below. Show less Required1Required 2Required 3 Required 4 The manager of the Mixing Department stated, "Materials prices jumped from about $1.90 per unit in March to $2.40 per unit in April, but due to good cost control I was able to hold our materials cost to less than $2.40 per unit for the month." Should this manager be rewarded for good cost control? Yes ONo

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 Second Custom Edition For The University Of Central Florida

Authors: Walter T. Jr, Horngren Harrison

2nd Custom Edition

0536986002, 978-0536986009

More Books

Students also viewed these Accounting questions

Question

22. Describe how an interrupt works, and name four different types.

Answered: 1 week ago