Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
Cooperative San Jose 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 flavouring for drinks and for use in desserts. The bottles are sold to customers in Canada 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. A hastily prepared report for the Mixing Department for April appears below 10.000 200,000 2.30.000 Units to be accounted for Work in process. Apoil materials 90% completes conversion 80% complete) Started into production Total is to be accounted for Units accounted for as follows: Transferred to next department Work in process. Apr 30 (materials complete conversion 60s complete Total units accounted for Cost Reconciliation Cost to be accounted for 190.000 H0,000 110.000 $ 98,000 827,000 $925,000 Work in process, April 1 Cost added during the month Total cost to be accounted for Cost accounted for as follows: Work in process, April 10 Transferred to next department Total costs accounted for $119.400 805,600 $925.000 Management would like some additional information about Cooperative San Jose's operations Revuld What were the equivalent its for the month 2. What were the costs per equivalent unit for the month? The beginning investory consisted of the following costs materials. 567.500, and conversion cost $30.200. The costs added during the month consisted of materials, 5579.000, and conversion cos, 5245.000 3. How many of the units transferred to the next department were started and completed during the month 4. The manager of the Mixing Department stated, "Materials prices jumped from about $2.50 per units March to $ perunt in April, but due to good cost control I was able to hold on materials costo less than 3 perunit for the month "Should this manager be rewarded for good cost cotroExplain

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

Detecting Accounting Fraud Before Its Too Late

Authors: Oriol Amat

1st Edition

1119566843, 9781119566847

More Books

Students also viewed these Accounting questions

Question

What has been your desire for leadership in CVS Health?

Answered: 1 week ago

Question

Question 5) Let n = N and Y Answered: 1 week ago

Answered: 1 week ago