Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In department II of Koronadal Company, the processing of the liquid product takes 16 days. During the whole process, an evaporation loss of 12%

In department II of Koronadal Company, the processing of the liquid product takes 16 days. During the whole process, an evaporation loss of 12% occurs. For March, the following data were gathered from the records: In process, beginning Finished and transferred In process, ending The cost per units form department I in March is P 0.54. The cost of the units in process at the beginning of March is: P 4,563.22 Costs added in department II from March are: Materials Labor Overhead 4,202 gallons, six days processed in February 30,272 gallons 11,640, 4 days processed. Required: Compute the following: P 3,807.60 3,490.30 3,173.00 1. Equivalent units of production 2. Total cost of units completed and transferred to storeroom 3. Total cost of work in process at the end.

Step by Step Solution

3.56 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

Lets start with the calculations Step 1 Equivalent Units of Production Equivalent Units Units in pro... 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

Management Accounting Information for Decision-Making and Strategy Execution

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

6th Edition

137024975, 978-0137024971

More Books

Students also viewed these Accounting questions

Question

=+a) Was this an observational study or an experiment?

Answered: 1 week ago