cost managment

Question 8 2 pts Direct Material 1 Physical % Complete Total $ Equivalent $ units units Beginning balance WIP 30% 3,000 $7.000 3,000 Units started (current costs) 9,000 $33,600 9,000 $ Total to account for 12,000 $40,600 12.000 $ Equivalent cost rates Units completed/Transferred out 7,000 7,000 (COGM) Ending balance WIP 80% 5,000 5,000 Total to account for 12,000 12,000 Above is a partially completed process costing template that you can also download in excel Assuming the company uses the FIFO method, calculate the total value of ending work in process inventory Enter your final answer to 2 decimal places. Question 9 2 pts A-haha produces funny printed T-shirts. Every month it expects to produce and sell 5,000 units. It has three production departments: sewing, printing, and packaging. The table shows the allocation base for each department, as well as the budgeted and actual data for September Sewing Printing Pack Departmental cost driver Direct labour hours Machine hours Units prod Total budgeted department overhead ($) $63,000 $28,000 $3: Budgeted direct labour hours 7,000 1,000 Budgeted machine hours 4,000 6,000 Actual direct labour hours 7.700 1,300 Actual machine hours 3,800 Assuming the company's actual production for the month was 4,759 units, use departmental overhead rates to calculate total overhead applied for May. Round your answer to the nearest whole dollar 3 3 6,300 1 Question 10 2 pts Magnificent manufacturing has a cleaning department and a maintenance department that provide services to three operations departments (machining, assembly and finishing). The cleaning department's costs are allocated based on floor space and the maintenance department's costs are allocated based on number of machines. The company uses the direct method for allocating support department costs. Cleaning Maintenance Machining Assembly Budgeted overhead costs ($) 375.000 367,500 Allocation basis Space (sqm) No. of machines Space (sqm) 2,000 3,500 15,000 35,000 No. of machines 5 10 28 Using the information in the above table, calculate the amount of overhead that is allocated from the Cleaning department to the Machining department. 52 n 8 2 pts Direct Material 2 Conversion costs Equivalent $ units Direct Material 1 Equivalent $ $ units $7.000 3,000 533,600 9,000 540.600 12.000 Equivalent $ units $6,000 $12,800 12,000 $18,800 12,000 $0 900 $1,000 $11,000 $9,800 $9.800 10.100 11,000 $12.000 7.000 7,000 7.000 5.000 4.000 5,000 12.000 12,000 11,000 iso download in excel e of ending work in process Question 9 2 pts sa produces funny printed T-shirts. Every month it expects to produce and sell 5,000 units. It tree production departments: sewing, printing, and packaging. The table shows the allocation for each department, as well as the budgeted and actual data for September: Sewing Direct labour hours $63,000 Printing Machine hours $28,000 1,000 Packaging Units produced $32,000 7,000 3,000 rtmental cost driver budgeted department overhead ($) eted direct labour hours eted machine hours al direct labour hours al machine hours 4,000 6,000 2.000 7.700 3,800 1,300 6.300 3.300 1,900 ning the company's actual production for the month was 4.759 units, use departmental lead rates to calculate total overhead applied for May. Round your answer to the nearest a dollar Question 10 2 pts facturing has a cleaning department and a maintenance department that provide sperations departments (machining, assembly and finishing). The cleaning s are allocated based on floor space and the maintenance department's costs are 1 number of machines. The company uses the direct method for allocating nt costs. Machining Assembly Finishing ad costs ($) Cleaning Maintenance 375,000 367,500 Space (sq m) No. of machines 2,000 3,500 5 10 35.000 25.000 15,000 28 52 25 tion in the above table, calculate the amount of overhead that is allocated from rtment to the Machining department