Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Data Table 0 9,600 gallons 6,800 gallons Gallons Beginning work in process inventory Started production Completed and transferred out to Packaging in May Ending work

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Data Table 0 9,600 gallons 6,800 gallons Gallons Beginning work in process inventory Started production Completed and transferred out to Packaging in May Ending work in process inventory (45% of the way through the blending process) Costs: Beginning work in process inventory Costs added during May Direct materials (dyes) Direct labor 2,800 gallons 0 Ir en 6,240 950 1,871 Manufacturing overhead Total costs added during May $ $ 9,061 Print Done UITS WECTS UUSS Paint My World prepares and packages at products. The company has two departments (1) Blending and (2) Packaging Direct materials are added at the beginning of the blending process (dyen) and at the end of the packaging process (cana Conversion costs are added evenly throughout each process Data from the month of May for the Blending Department are as follows: LIF Click the icon to Wewe dit from May Roadhe te Requirement 1. Fin the time line for the Blending Department Start Complete Complete Requirement 2. Summare the physical fow of unks and compte total equivalent units for dred material and for conversion cost (For entries with a balance, make sure to enter in the appropriate column Bleeding Department Equivalent Un Computation Month Ended May 31 Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Units to account for moose from any list or enter any number in the input fields and then continue to the next question Requirement 2. Summarire the physical flow of units and compute total equivalent units fordiend materials and for conversion cott. (For entries with a balance make sure to enter in the appropriate column) Blending Department Equivalent Unit Computation Month Ended May 31 Flow of Equivalent Units Physical Direct Conversion Flow of Production Costs Units to account for: Units Materials Units accounted for Total equivalent units ren Requirement total costs to account for and find the cost per valent unit for de materials and for common costs for entries with a 50 balonce, make sure to be the propriate Erfect porn www place) Blanding patient Cost per Equivalent Unit Month Ended May 31 Direct Materials Conversion Costs Total Cost per equivalent unit vant un Requirements. Assign total costo unis (gator Completed and returned out to the Packaging Department and (h) in the blonding Department ending work in process inventory (Enter quantitiet tren the cost per equivalent unit amounts in the same order as calculated in the preceding stop) Blending Department Month Ended May 31 Assigning Costs Direct Conversion Materials Costs Total a: Completed and transferred out Ending work in process Total costs accounted for Requirements. What is the average cost per gallon Wanderred out of the Blending Department to the Packaging Department? Why would the company's managers want to know this cost? First, identify the labels to compute the average cost per gation transferred out the compute the average cost per gallon transferred out of the Blending Department to the Packaging Department (Round your wer to two decimal pool Average cost per gallon Why would Paint My Worlds managers want to know Managers will want to know this cool to cope it to the They may also use cost information when Choose from any stor enter any bumber in the input fields and then contine to the next

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

Investments Unlimited A Novel About DevOps Security Audit Compliance And Thriving In The Digital Age

Authors: Helen Beal, Bill Bensing, Jason Cox, Michael Edenzon, John Willis

1st Edition

1950508536, 978-1950508532

More Books

Students also viewed these Accounting questions

Question

Why does he prefer visual slides over text- or number-heavy slides?

Answered: 1 week ago

Question

Define Management or What is Management?

Answered: 1 week ago

Question

What do you understand by MBO?

Answered: 1 week ago

Question

Analyse the various techniques of training and learning.

Answered: 1 week ago