Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Equivalent Units grading check figures. fill in the cells below with the information provided. Only provide detailed solution for operation 10 ONLY. General Product Information

Equivalent Units grading check figures. fill in the cells below with the information provided.

Only provide detailed solution for operation 10 ONLY.

image text in transcribedimage text in transcribed

General Product Information Unit Selling Price $222.14 Service Department Total Period Costs Period 1 Service Department 1 Total $40,249.00 Service Department 2 Total $58,084.00 Operation 10 Information Period 1 Cost Objects: Direct Materials 1 are added at 0% complete Direct Materials 2 are added at 84% complete Direct Labour Variable Overhead Fixed Overhead added at 78% complete Inspection Process 1 occurs at 56% complete Opening Work in Process Units 152 Percentage Complete 51% Direct Material 1 Cost $319.20 Direct Material 2 Cost $0.00 Direct Labour $2,813.98 Variable Overhead $2,640.02 Fixed Overhead $0.00 Service Dept 1 (per unit) $0.75 Service Dept 2 (per unit) $0.96 Standard Unit Cost Data Direct Material 1 $2.00 Direct Material 2 $5.00 Direct Labour (hours) 1.1 Direct Labout Cost (per hour) $17.00 Variable Overhead 86% Fixed Overhead (per unit) $3.00 Service Dept 1 (per unit) $0.90 Service Dept 2 (per unit) $0.84 Current Period Data Inspection 1 Process Spoilage Units 25 Units commenced 6,935 Direct Materials 1 $15,257.00 Direct Materials 2 $39,876.25 Direct Labour $155,621.40 Variable Overhead $117,105.10 Fixed Overhead $22,855.80 136 55% Ending Work in Process Units Percentage complete Check Figures Operation 10 transferred out Operation 20 transferroed out Operation 30 transferred out Operation 40 to Finished Good S 365,573.80 $ 416,039.24 $ 689,246.34 $ 855,926.38 Operation 10 Operation 20 Operation 30 Operation 40 3 4 5 6 7 8 brea 9 10 11 12 13 14 15 Equivalent Units Transferred in Direct Material 1(Op. 10) Direct Material 2 (Op. 10) Direct Materials (Op. 40) Outsourcing Machine Hours Direct Labour Variable Overhead Fixed Overhead Service Dept 1 Service Dept 2 General Product Information Unit Selling Price $222.14 Service Department Total Period Costs Period 1 Service Department 1 Total $40,249.00 Service Department 2 Total $58,084.00 Operation 10 Information Period 1 Cost Objects: Direct Materials 1 are added at 0% complete Direct Materials 2 are added at 84% complete Direct Labour Variable Overhead Fixed Overhead added at 78% complete Inspection Process 1 occurs at 56% complete Opening Work in Process Units 152 Percentage Complete 51% Direct Material 1 Cost $319.20 Direct Material 2 Cost $0.00 Direct Labour $2,813.98 Variable Overhead $2,640.02 Fixed Overhead $0.00 Service Dept 1 (per unit) $0.75 Service Dept 2 (per unit) $0.96 Standard Unit Cost Data Direct Material 1 $2.00 Direct Material 2 $5.00 Direct Labour (hours) 1.1 Direct Labout Cost (per hour) $17.00 Variable Overhead 86% Fixed Overhead (per unit) $3.00 Service Dept 1 (per unit) $0.90 Service Dept 2 (per unit) $0.84 Current Period Data Inspection 1 Process Spoilage Units 25 Units commenced 6,935 Direct Materials 1 $15,257.00 Direct Materials 2 $39,876.25 Direct Labour $155,621.40 Variable Overhead $117,105.10 Fixed Overhead $22,855.80 136 55% Ending Work in Process Units Percentage complete Check Figures Operation 10 transferred out Operation 20 transferroed out Operation 30 transferred out Operation 40 to Finished Good S 365,573.80 $ 416,039.24 $ 689,246.34 $ 855,926.38 Operation 10 Operation 20 Operation 30 Operation 40 3 4 5 6 7 8 brea 9 10 11 12 13 14 15 Equivalent Units Transferred in Direct Material 1(Op. 10) Direct Material 2 (Op. 10) Direct Materials (Op. 40) Outsourcing Machine Hours Direct Labour Variable Overhead Fixed Overhead Service Dept 1 Service Dept 2

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

Management And Cost Accounting

Authors: Charles T. Horngren (Author), Alnoor Bhimani (Author), Srikant M. Datar (Author), George Foster

2nd Edition

0273651838, 978-0273651833

More Books

Students also viewed these Accounting questions