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i didnt get the h110 and k87 equal. give the percentage of conversion rate and all. solve this APCO Company manufactures various lines of bicycles.
i didnt get the h110 and k87 equal. give the percentage of conversion rate and all. solve this
APCO Company manufactures various lines of bicycles. Because of the h determine unit costs. Bicycle parts are manufactured in the molding dep Cost per unit data for the 20-inch dirt bike have been completed through schedules that follow. Prior period costs Current period costs Total costs Beginning inventory Transferred in from molding during year Transferred out to packing during year Ending inventory Defective bicycles are identified at the inspection point when the assemb rejection for defective bicycles is 5 percent of the bicycles reaching the in Required: 1. Compute the number of defective, or spoiled, bikes that are considere a. Normal b. Abnormal a. Normal amount of defective or spoiled bikes Bikes passing through assembly department Less: Bikes not inspected during current year Inspection point Beginning work-in-process inventory (The opening balance of work-in-process inspected this yea Ending work-in-process inventory (Reached inspection point, therefore inspected this year or Bikes that reached inspection point Normal defective/spoiled rate Normal amount of defective/spoiled bikes b. Abnormal amount of defective/spoiled bikes Total bikes lost Normal amount of defective/spoiled bikes Abnormal amount of defective/spoiled bikes 2. Compute the equivalent units of production for the year for: a. Bicycles transferred in from the molding department b. Bicycles produced, with regard to assembly material. c. Bicycles produced, with regard to assembly conversion. Process Cost Report Inspection Point Beginning WIP Units started or Trans-in Total to account for Units Finished or Trans-out Normal spoilage Abnormal spoilage Ending WIP Total accounted for EQUIVALENT UNITS: Wtd Avg Method (no. of completed un Transferred In Materials Conversion 3. Compute the cost per equivalent unit for the fully assembled dirt bike Calculating Equivalent Unit Costs: Beginning WIP Current Costs TOTAL WTAVG Cost per EU 4. Compute the amount of the total production cost of $ that will be asso a. Normal spoiled units. b. Abnormal spoiled units. c. Good units completed in the assembly department. d. Ending WIP inventory in the assembly department. COST SUMMARY - WEIGHTED AVERAGE Finished Goods Good production Normal spoilage TOTAL Abnormal Spoilage Ending WIP Transferred-in Materials Conversion Total Costs Accounted For of bicycles. Because of the high volume of each line, the company employs a process cost system using the weighted-avera nufactured in the molding department and then are consolidated into a single bike unit in the molding department and tran have been completed through the molding department. Annual cost and production figures for the assembly department a during year Assembly Department Cost Data Transferred in From Molding Assembly Department Materials $68,690 $6,292 $1,101,000 $88,148 $1,169,690 $94,440 Assembly Conversion Cost $11,181 $212,556 $223,737 Assembly Department Production Data Percentage Complete Assembly Bicycles Transferred-in 2,600 100% 41,200 100% 35,000 100% 3,500 100% Dirt Bike through Materials 100% 100% 45% ection point when the assembly labor process is 75 percent complete; all assembly materials have been added at this point of the bicycles reaching the inspection point. Any defective bicycles above the 5 percent quota are considered to be abnorm oiled, bikes that are considered to be: e or spoiled bikes bly department k-in-process inspected this year) % Completed Units Not Inspected This Year erefore inspected this year or next) spoiled bikes ective/spoiled bikes spoiled bikes e/spoiled bikes tion for the year for: department bly material. bly conversion. Whole Units --Percent Complete-Transferred-in Costs Materials Conversion Method (no. of completed units + equiv units lost + equiv units in ending WIP inv) r the fully assembled dirt bike. Added by Assembly Department Trans-in Materials Conversion Total ction cost of $ that will be associated with the following items: epartment. epartment. units units units stem using the weighted-average method to molding department and transferred to the or the assembly department are presented in the Total Cost of Dirt Bike through Assembly $86,163 $1,401,704 $1,487,867 Conversion 76% 100% 65% have been added at this point. The normal ta are considered to be abnormal. All defectiveStep by Step Solution
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