Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I have already done questions 1-4, I am only stock on question 4 and I have already used 2 of 3 options. Please if you

image text in transcribed

I have already done questions 1-4, I am only stock on question 4 and I have already used 2 of 3 options. Please if you attempt to help, I need the explanation of why those two "red" numbers are incorrect because I thought I actually understand this material as you could see from the top.

Thanks!

Prolblem 3-3A (Part Level Submissson) thau dus res Inc. manufactures dorm fu manufacturing planes are as Follows ture n separate processes In each process, mater als are enteredthe begm and conversion costs are rored untom r Produc on and cost data or the rst process n making t o products in two d erent Cutting Departnent Plant 1 Plant 2 Work in process uns, Juy 1 Units started inko producior work in process unts, July 31 Work in process percent complete 24,400 3,660 60 19,520 610 80 Work in process, July 1 $0 463,600 285,968 6,880 $876.448 s0 351,360 134,200 Total 13,416 (62) vour answers correct. For each plant compute the physical unts of production, Units to be accounted for 19520 (a2) (a4) Your answer is correct. Your answer is partially correct. Try again. For each plant compute equivalent units of production for materials and for conversion costs. For each plant show the assignment of costs to units transferred out and in proce T12 Tables 24400 22936 T12 Tables C10 Chairs Costs accounted for: 9520 19396 Transferred out 767380 SHOW SOLUTION SHOW ANSWER work n process LINK TO TEXT Materials 69540 Conversion costs 39528 109068 Total costs 876448 (a3) C10 Chairs Your answer is correct. Costs accounted for: For each plant determine the unit costs of praduction. (Round unit costs to 2 decimal places, e.g. 5.25.) Transferred out 595665 Work in process Unit costs-T12 Tables 19 18 37 Materials 10980 Unit costs C10 Chairs 13.5 31 Conversion costs 6588 17568 Total costs 613233

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_2

Step: 3

blur-text-image_3

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

Accounting Cases In Hong Kong The First Hksa Case Competition

Authors: HKSA Case, Monograph Work GP

1st Edition

9629370883, 978-9629370886

More Books

Students also viewed these Accounting questions

Question

A coupon for future price reductions

Answered: 1 week ago