he Cutting Department of Karachi Carpet Company provides the following data for rocess. Work in process,...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664db6a65e274_061664db6a60065a.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664db6a6e934f_062664db6a68b5db.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664db6a784630_063664db6a72b4f5.jpg)
Transcribed Image Text:
he Cutting Department of Karachi Carpet Company provides the following data for rocess. Work in process, January 1, 12,600 units, 80% completed $149,688* "Direct materials (12,600 x $9.00) $113,400 Conversion (12,600 x 80 % x $3.60) 36,288 $149,688 Materials added during January from Weaving Department, 194,000 units $1,755,700 Direct labor for January Factory overhead for January 300,510 367,290 Goods finished during January (includes goods in process, January 1), 196,200 units Work in process, January 31, 10,400 units, 45% completed a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places. Karachi Carpet Company Cost of Production Report-Cutting Department Units d to production: For the Month Ended January 31 Equivalent Units Equivalent Units Whole Units Direct Materials Conversion eBook Units Units charged to production: Inventory in process, January 1 Received from Weaving Department Total units accounted for by the Cutting Department Units to be assigned costs: Inventory in process, January 1 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned costs Equivalent Units Equivalent Units Whole Units Direct Materials Conversion Costs Cost per equivalent unit: Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, January 14 Costs incurred in January Total costs accounted for by the Cutting Department Cost allocated to completed and partially completed units: Inventory in process, January 1 balance To complete inventory in process, January 1 Cost of completed January 1 work in process Started and completed in January Transferred to finished goods in January, Inventory in process, January 31 Total costs assigned by the Cutting Department. Direct Materials Conversion Total Costs he Cutting Department of Karachi Carpet Company provides the following data for rocess. Work in process, January 1, 12,600 units, 80% completed $149,688* "Direct materials (12,600 x $9.00) $113,400 Conversion (12,600 x 80 % x $3.60) 36,288 $149,688 Materials added during January from Weaving Department, 194,000 units $1,755,700 Direct labor for January Factory overhead for January 300,510 367,290 Goods finished during January (includes goods in process, January 1), 196,200 units Work in process, January 31, 10,400 units, 45% completed a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places. Karachi Carpet Company Cost of Production Report-Cutting Department Units d to production: For the Month Ended January 31 Equivalent Units Equivalent Units Whole Units Direct Materials Conversion eBook Units Units charged to production: Inventory in process, January 1 Received from Weaving Department Total units accounted for by the Cutting Department Units to be assigned costs: Inventory in process, January 1 Started and completed in January Transferred to finished goods in January Inventory in process, January 31 Total units to be assigned costs Equivalent Units Equivalent Units Whole Units Direct Materials Conversion Costs Cost per equivalent unit: Total costs for January in Cutting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, January 14 Costs incurred in January Total costs accounted for by the Cutting Department Cost allocated to completed and partially completed units: Inventory in process, January 1 balance To complete inventory in process, January 1 Cost of completed January 1 work in process Started and completed in January Transferred to finished goods in January, Inventory in process, January 31 Total costs assigned by the Cutting Department. Direct Materials Conversion Total Costs
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Determine whether each relation defines y as a function of x. Give the domain. Identify any linear functions. y = |x|
-
Find the exponential Fourier series of a function that has the following trigonometric Fourier series coefficients: Take T = 2. (-1)" 1 (-1)" b, 4 ?
-
TeleChief Inc. manufactures smart phones. It is considering the implementation of a JIT system. Costs to reconfigure the production line will amount to $200,000 annually. Estimated benefits from the...
-
Consider the following systems. Determine the families of orbits for each system and sketch several orbits in the phase plane and classify them by their type (stable node, etc.). a. \[\begin{aligned}...
-
Jason Rogers works full-time for UPS and runs a lawn-mowing service part-time after work during the warm months of April through October. Jason has three men working with him, each of whom is paid $6...
-
Question 1 Organizational inefficiencies result in all of the following EXCEPT: A. poor productivity. B. spiraling benefits costs. C. better quality. D. dissatisfied workers. Question 2 A...
-
You are planning on opening a restaurant chain. You have projected cash flows of $15 million starting next year (t = 1) with an annual growth rate of 1.0% over the foreseeable future thereafter. This...
-
An engineer wanted to imitate 5-fold cross validation. He created 5 bootstraps from the original dataset. Then, he trained 5 models from the bootstraps, tested them on the original dataset, and...
-
What are the implications with having individualist, managerial and utilitarian values in the selection process in the public sector?
-
1. Milwaukee Manufacturing is starting to use a Kanban pull system to manage its parts inventory. At a given workstation, the planned daily usage of a particular part is 722 parts per 10- hour shift....
-
PT Katon had 8000 units of work-in-process inventory in Department A on October 1 2010. The units were 60% complete for conversion costs. Materials are used at the beginning of the process. During...
-
Problem 1: A museum gathers data about the ages of its patrons on one day. Below is a stemplot based on their data: 1 058 2 114689 3 0566 4 257 534 6 2 7 80 Part 1(a): How many visitors did the...
-
In the connected circuit in the figure, the value of the current passing through the 220A 47v silicon diode is 220A www 4:70 0.021MA O i0.021 O 0.00021A O 0.018MA O i 0.018
-
Medi-Exam Health Services, Inc. (MEHS), located in a major metropolitan area, provides annual physical screening examinations, including a routine physical, EKG, and blood and urine tests. MEUS's...
-
Identify which of the following numbers are irrational. 1. \(\sqrt{225}\) 2. \(3 \sqrt{5}\) 3. \(\sqrt{80}\) 4. \(20-3 \pi\)
-
Determine which of the following are perfect squares. 1. 36 2. 27 3. \(\frac{9}{49}\) 4. \(\frac{12}{221}\)
-
Simplify the irrational number \(\sqrt{733}\) and express in lowest terms. Identify the rational and irrational parts.
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App