Answered step by step
Verified Expert Solution
Question
1 Approved Answer
DM are added into production at a 100% in the month in which you are working on the cost object. 90,000.00 We took 90,000 units
| | |||||||||||||||||||||||
| DM are added into production at a 100% in the month in which you are working on the cost object. | |||||||||||||||||||||||
| 90,000.00 | We took 90,000 units of material out inventory to work on the cost object. We were able to complete up 70,000 of material within the | ||||||||||||||||||||||
| (20,000.00) | Units | Required | DM | CC | |||||||||||||||||||
| 70,000.00 | A/ | Mar-21 | BWIP | DM | 30,000.00 | 0% | 0 | EUP | |||||||||||||||
| CC | 30,000.00 | 65% | 35% | 10,500.00 | EUP | ||||||||||||||||||
| April | B/ | Units started & completed | DM | 70,000.00 | 100% | 0% | 70,000.00 | EUP | |||||||||||||||
| CC | 70,000.00 | 100% | 0% | 70,000.00 | EUP | ||||||||||||||||||
| C/ | Apr-21 | EWIP | DM | 20,000.00 | 100% | 0% | 20,000.00 | EUP | |||||||||||||||
| CC | 20,000.00 | 25% | 0% | 5,000.00 | EUP | ||||||||||||||||||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Markets And Institutions
Authors: Peter Howells, Keith Bain
5th Edition
0273709194, 9780273709190
