Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help with the bottom problem please listed as a4 Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered

need help with the bottom problem please listed as a4

image text in transcribedimage text in transcribed

image text in transcribed

Thakin Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows Cutting Department Plant 1 T12-Tables Plant 2 C10-Chairs roduction Data-Jul Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete 21,000 3,150 60 16,800 525 80 Cost Data-Jul Work in process, July 1 Materials Labor Overhead $0 399,000 246,120 109,200 $754,320 302,400 115,500 110,040 $527,940 Total (a1) Your answer is correct. For each plant compute the physical units of production T12 Tables C10 Chairs Units to be accounted for 21000 16800

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

Knowledge Audit Complete Self Assessment Guide Practical Tools For Self Assesment

Authors: Gerardus Blokdyk

1st Edition

0655199837, 978-0655199830

More Books

Students also viewed these Accounting questions

Question

28. Compute the mean and variance of (a) (b)

Answered: 1 week ago