Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello! After reviewing these questions with my book, I remain unsatisfied with my answers because I do not feel confident. Please help with these questions

image text in transcribed

Hello!

After reviewing these questions with my book, I remain unsatisfied with my answers because I do not feel confident. Please help with these questions shown (6-10).

Thank you!

6. A sompany lbal uses jub-ucier custing will nainlain a separale Work in Proixass lnvealucy acivount lor each jub under wonstrustiva. a. true b. filse The following information appliles to questions 7 thraush fo: ETeslthy Brands Ciranols is groduced in tao sequential processes Mixing ard Packaging. During June, the T. Assuming that the meighied averwge itsthod is used, what is the thaterids cost per unit cound yout answer, if necessary, to the beacest centy? a. $2.60 b. $2.48 . $2.84 4. $2.25 8. Assuming leat the weighted average methed is uxed, what. is the cunversiun cool per uail \{romd your answer, il nevessary, to les dearest cen.y? a. S.82 b. 5.90 c. $.97 . $.B6 9. Tgnore your answers to $7 and 8. Assywe that the materizls cost per unit is 52.50 ard the conversion cost per unit is Sl.o0, using the werghzed apenuge method. Which nf the following is the currect joumal entry tis ransfer the onst af ampleted units from the Mixing department to rhe Packnging defarment asing the werghent a werage method? a. Debit WTP-Mixing $161,100; cradit WTP-Pockzing \$I61,0nD b. dehit WTP-Packzging \$175, n00; credit WTP-Mixing \$175,100 c. Debit WTP-Packaging $161,00n; credit WTP-Mixing $161, (n00) d. dehit W'P-Mixing $175,0 on; cred it WTP-Packnging $175,1001 11. Ascume sgain that rhe materials oner per anit is $2,50 and the ancerkion cost per unit is $. 60 , using the weighted awevage merhod. What are the materials coats and the comersion sasts, respectively, in ending Wil using thesc ircighted aberage per unit cost.' a. $10,000 nan $1,1000 b. 520,1000 nnd $2,800 c. $30,000 and $12,000 d. $20,000 ata $8,000

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

Managerial Accounting

Authors: James Jiambalvo

4th edition

9780470546888, 9780470333341, 470546883, 470333340, 978-0470578797

More Books

Students also viewed these Accounting questions