i need help. my professor doesnt know how to explain this to where i can understand it
Overhead Total $12,000 Required: Explain why process costing is appropriate for this haircutting operation. 2. Calculate the cost per haircut. 3. Can you identify some possible direct materials used for this haircutting service? Is them of direct materials typical of services? If so, provide examples of services that use din materials. Can you think of some services that would not use direct materials? Is the usage "E 0 2 Exercise 6.13 JIT Manufacturing and Process Costing Friedman Company uses JIT manufacturing. There are several manufacturing cells set up within one of its factories. One of the cells makes stands for flat-screen televisions. The cost of produc. tion for the month of April is given below. Cell labor $ 60,000 Direct materials 150,000 Overhead 120,000 Total $330,000 cust During May, 30,000 stands were produced and sold. Required: ...20 Explain why process costing can be used for computing the cost of production for the stands. 2. Calculate the cost per unit for a stand. 0 /330 2013. Explain how activity-based costing can be used to determine the overhead assigned to cell. 23 Exercise 6.14 Physical Flow, Equivalent Units, Unit Costs, No Reninni Ini Activity-Based Costing During May, 30,000 stands were produced and sold. PC 26 5 Required: Explain why process costing can be used for computing the cost of production for the stal Calculate the cost per unit for a stand. 335 /330S 3. Explain how activity-based costing can be used to determine the overhead assigned to the cell. PA 29 Exercise 6.14 Physical Flow, Equivalent Units, Unit Costs, No Beginning WIP Inventory Activity-Based Costing Lacy, Inc., produces a subassembly used in the production of hydraulic cylinders. The subassem. blies are produced in three departments: Plate Cutting, Rod Cutting, and Welding. Materials are added at the beginning of the process. Overhead is applied using the following drivers and activity rates: Driver Rate 2800 [640 Actual Usage (by Plate Cutting) $ 732,000 7,450 hours 800 orders 9 LUOD Oh odbor Direct labor cost 150% of direct labor Inspection hours $40 per hour Purchase orders $1,000 per order Other data for the Plate Cutting Department are as follows: Beginning work in process Units started Direct materials cost Units, ending work in process (100% materials; 64% conversion) 7. 21 750,000 $6,000,000 50,000 832 3 RON Chapter 6 Process Costing Required: 1. Prepare a physical flow schedule. 2. Calculate equivalent units of production for: a. Direct materials b. Conversion costs 3. Calculate unit costs for: a. Direct materials b. Conversion costs c. Total manufacturing 10.93 4. Provide the following information: a. The total cost of units transferred out b. The journal entry for transferring costs from Plate Cutting to Welding c. The cost assigned to units in ending inventory Exercis P- tion Report, No Beginning Inventory Softki ctures sun protection lotion. The Mixing Department, th amicals required for the repellant. The following day
