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How to solve the following problems? 220,000 d. 250,000 PROBLEMS P8-1 Sprint Corporation started operations on October 1, 2014. It has three processing departments: X,
How to solve the following problems?
220,000 d. 250,000 PROBLEMS P8-1 Sprint Corporation started operations on October 1, 2014. It has three processing departments: X, Y, and Z. The following information was available during the first month of production: October 2014 Department Department Department Quantity 4,000 3,000 2,800 Started in process Finished and transferred to next department Work in process, end 3,000 1,000 20% 2,800 200 60% 2,000 800 25% Stage of completion Cost incurred Materials Labor Overhead P 64,000 P34,800 P22,000 29,000 23,200 153.600 P87.000 P44 000 38,400 51,200 13,200 8,800 Required: Cost of production report for Departments X, Y, and 2 CHAPTER 8 Process Costing: General Procedures 215 aCorporation has three processing departments. Alpha and Omega. therhead are appiod uniformly while materials are added at various stages P8-2 Cingular overhead are ae applied uniformly while materials are added at vanous stagesth rocess. The following information was available for Omega: Quantity 1,800 Transferred from Alpha Started during the month Finished and transferred to next department Ending work in process (60% complete) 3,000 ,200 Cost incured Materials Labor Overhead P22,000 13,200 8,800 P44,000 There are no beginning work in process inventon Required: Calculate the equivalent production for each of the following independe cases a. 100% of materials are added at the start of the process b, 100% of materials are added at the end of the process c, 80% of materials are added at the start of the process and the remaining 20%E added when units are 50% complete 50% of materials are added at the start of the process, 30% are added when ut are 60% complete and the remaining 20% are added at the end of the process. d
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