Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Haley Paper Co. produces the paper used by watpaper manufacturer. Haley's four stage process Includes mixing, cooking, rolling and cuting (Click the icon to view

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Haley Paper Co. produces the paper used by watpaper manufacturer. Haley's four stage process Includes mixing, cooking, rolling and cuting (Click the icon to view additional information) The Ming Department come weg data for March Click to viewed Read the recorrente More info Haley Paper Co. Production Cost Report-Mising Department Month Ended March 31 Equivalent Units Physical Direct Conversion Units Materials Coste On March 1, the Ming Department had 450 role of Dorin Dung March the Maxing Department completed the moong process for those 450 rols and wated and completed the process for an additional 3,550 roof paper. The department started tod not finish the process for tonal 50 rols, which were 20% complete with respect to both direct materiais and conversion or at the end of March Direct and conversion costs are curred evenly throughout the mong process UNITS Units to account for Total units to account for Data Table Units accounted for Costs Beginning inventory, Mar. 1 Costs added during March Direct Direct Manufacturing Total Materials Labor Overhead Allocated 5 4505 2005 220 S 30 4220 3,130 2310 10,714 $ 26745 3.390 5 3.580 511544 Total units accounted for Total costs Choose from any list or enter any number in the input fields and then click Check Answer Print Done parts 4 remaining My Paper Co. produce the percer used by water maacturer Haley's four stage proces includes mbing, cooking, rolling and otting The Mang Department compted na tohy data to win Click the icon to view information) me to www Meade Requirement 1, Prepare a production cont report for the Mung Department for March. The company was to weighted to our wet per interest the newest whole dolor. Aened Producto Haley Paper Co. Production Cout Reporting Department Month Ended March 1 Equivalent Unite Physical Conversion UNITS Units Materiale Costs Units to account for Direct Total units to account for Units accounted for On March 1, the Mixing Department had 450 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 450 rolls and also started and completed the mixing process for an additional 3,550 rolls of paper. The department started but did not finish the mixing process for an additional 500 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process. Print Done i Data Table Direct Materials Direct Labor Manufacturing Overhead Allocated Total Costs Beginning inventory, Mar. 1 $ 220 $ 930 450 $ 4,224 260 $ 3,130 3,360 Costs added during March 10,714 $ 4,674 $ 3,390 $ 3,580 $ 11,644 Total costs Print Done 1. Prepare a production cost report for the Mixing Department for March. The company uses the weighted average method. 2. Journalize all transactions affecting the company's mixing process during March. Assume labor costs are accrued and not yet paid. Print Done

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

Auditing A Quality System For The Defense Industry

Authors: Charles B. Robinson

1st Edition

0873890787, 978-0873890786

More Books

Students also viewed these Accounting questions