Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired indlviduals. Manufacturing is a one-step process where the bands are cut and sewn. This

help image text in transcribed
image text in transcribed
Pant Risers manufactures bands for self-dressing assistive devices for mobility-impaired indlviduals. Manufacturing is a one-step process where the bands are cut and sewn. This is the information related to this year's production: Ending inventory was 100% complete as to materials and 60% complete as to conversion, and the total materials cost is $54,800 and the total conversion cost is 533,120 . Using the weighted-average method, what are the unit costs if the company transferred out 15,000 units? If required, round final answers to two decimal places. Using the weighted-average method, what is the value of the inventory transferred out and the value of the ending WIP inventory? Inventory transferred out $ Ending WIP inventory The following product costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, 523,000 : manufocturing overhead, $16,100; selling expenses, $7,000; and administrative expenses, $15,000. Round "Cost per unit" answers to two decimal places. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 7,750 equivalent units are produced, what is the equivalent material cost per unit? F. If 23,000 equivalent units are produced, what is the equivalent conversion cost per unit? 1

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

Maintenance Management Auditing In Search Of Miantenance Management Excellence

Authors: Anthony Kelly

1st Edition

0831132671, 978-0831132675

More Books

Students also viewed these Accounting questions