Mwa 1200 $112.00 The next 4 questions relate to the following information Total predioring Required (where necessary round off all figures to two decimal places) Fizz Ltd who manufacture sweats Clothes and chocolates) uses a process costing system. All direct materials are added at the beginning of the process and conversion costs are incurred evenly throughout production. The information for June's activities is given Answer the following question using the weighted average method (WACM). Show all workings a. Show a summary of the total physical flow of units.(3.5 below points) Work in process 1 Jose 30,000 Su Duredil com C.com Halance of working, ha 59 $1,000 300.000 Please use as much of the table below as you need, you can also delete or add rows and columns as needed. (Click the Cursor inside a cell to see the table row and column options appear) ). b. Calculate the equivalent units for the company (3.5 points) Please use as much of the table below as you need, you can also delete or add rows and columns as needed. (Click the cursor inside a cell to see the table row and column options appear) c. Explain the term "Sportage in a factory's operations and provide two examples of what form of sporlage Fuld may encounter. (3 points (CD United trendy 160000 Work in Direcce (2007) Cave come Centre deringe Derect material 5196000 Como $116.00 Director 5105,800 The next 4 questions relate to the following information. Fizz Ltd who manufacture sweats (lollies and chocolates) uses a process costing system. All direct materials are added at the beginning of the process and conversion costs are incurred evenly throughout production. The information for June's activities is given below Work in process 1 June 20,000 units Direct material (100% complete) $44,000 Conversion cost (20% complete) $9,000 Balance of work in process, 1 June $53,000 Units started during June 200,000 units Units completed during June and transferred out to finished goods inventory 160,000 units Work in process, 30 June Direct materials (100% complete) Conversion (33% complete) Costs incurred during June: Direct material $396,000 Conversion costs: $316,800 Direct labour $105,600 Manufacturing overhead $211.200 $712,800 Total production costs incurred during June Required: (where necessary round off all figures to two decimal places) Answer the following question using the weighted average method (WACM). Show all workings.. a. Show a summary of the total physical flow of units. (3.5 points) Please use as much of the table below as you need, you can also delete or add rows and columns as needed. (Click the cursor inside a cell to see the table row and column options appear). b. Calculate the equivalent units for the company. (3.5 points) Please use as much of the table below as you need, you can also delete or add rows and columns as needed. (Click the cursor inside a cell to see the table row and column options appear). c. Explain the term "Spoilage" in a factory's operations and provide two examples of what form of spoilage Fizz Ltd may encounter. (3 points (Ctrl)
