Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the

image text in transcribed

Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 5,100 units, 4/5 completed 11,322 31 Direct materials, 91,800 units 31 Direct labor 156,060 167,382 31 Factory overhead 40,880 23,002 208,262 231,264 31 Goods finished, 93,000 units 222,996 31 Bal. ? units, 3/5 completed 8,268 8,268 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit $ 3. Cost of the beginning work in process completed during March 4. Cost of units started and completed during March 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March?

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

Fraud examination

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

4th edition

538470844, 978-0538470841

Students also viewed these Accounting questions

Question

What are the steps of object-oriented systems development?

Answered: 1 week ago

Question

=+b) Test an appropriate hypothesis and state your conclusion.

Answered: 1 week ago

Question

How does selection differ from recruitment ?

Answered: 1 week ago