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need the answers asap with exolanations so i can create a cheat sheet for my exam at 2pm its 5am now Basic Exercises BE 17-1

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need the answers asap with exolanations so i can create a cheat sheet for my exam at 2pm its 5am now
Basic Exercises BE 17-1 Job order versus process costing Which of the following industries would typically use job order casting and which would typically use process costing Steel manufacturing Business consulting Web designer Computer chip manufacturing Candy making Designer clothes manufacturing BE 17-2 Units to be assigned costs Obl2 Oak Ridge Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet. The Rolling Department received 2,400 tons from the Casting Department. During July, the Rolling Department completed 2,200 tons, including 300 tons of work in process on July 1. The ending work in process Inventory on July 31 was 500 tons. How many tons were started and completed during July? BE 17-3 Equivalent units of materials cost Obj. 2 The Rolling Department of Oak Ridge Steel Company had 300 tons in beginning work in pro cess inventory (25% complete) on July 1. During July, 2,200 tons were completed. The ending work in process inventory on July 31 was 500 tons (90% complete). What are the total equiva lent units for direct materials for July if materials are added at the beginning of the process BE 17.4 Equivalent units of conversion costs Obj. 2 The Rolling Department of Oak Ridge Steel Company had 300 tons in beginning work in process inventory (25% complete) on July 1. During July, 2,200 tons were completed. The ending work in process inventory on July 31 was 500 tons (40% complete). What are the total equivalent units for conversion costs SHOW ME HOW Chapter 17 BE 17-1 Cost per equivalent unit Obi:2 The cost of direct materials transferred into the line Department of Oak Ridge com pany is 1432.000. The conversion cost for the period in the Rolling Department 1144.150 The total equivalent units for direct materials and conversion are 2.400 tons and 2.525 ton, respectively. Determine the direct materials and conversion costs per equivalent unit BE 17-6 Cost of units transferred out and ending work in process Ob 2 The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak Ridge Steel Company are $180 and $62, respectively. The equivalent units to be used costs are as follow Equivalent Units Direct Materials Cowersion Inventory in process, July 1 Started and completed during July 1.900 1,900 Transferred out of Rolling completed) Inventory in process, July 31 Total units to be assigned costs 2.325 The beginning work in process inventory on July 1 had a cost of $10.000. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department.. BE 17.7 Process cost joumal entries Obj. 3 In July, the cost of materials transferred into the Rolling Department from the Casting Depart- ment of Oak Ridge Steel Company is $432,000. The conversion cost for the period in the Roll- in Department is $144.150 (354,700 factory overhead applied and $89.450 direct labor)"The total cost transferred to Finished Goods for the period was $553,750. The Rolling Department had a beginning inventory of $80,000. A. Journalize (1) the cost of transferred-in materials, (2) the conversion costs, and (3) the costs transferred out to Finished Goods B. Determine the balance of Work in Process --Rolling at the end of the period. BE 17-8 Analyzing changes in unit costs obj. 4 The costs of materials consumed in producing good units in the Forming Department of Thomas Company were $76,000 and $77,350 for September and October, respectively. The number of equivalent units produced in September and October was 800 tons and 850 tons, respectively. Evaluate the change in the cost of materials between the two months. SHOW ME ON THHHHHHHHHHHJJ # # Basic Exercises BE 17-1 Job order versus process costing Which of the following industries would typically use job order casting and which would typically use process costing Steel manufacturing Business consulting Web designer Computer chip manufacturing Candy making Designer clothes manufacturing BE 17-2 Units to be assigned costs Obl2 Oak Ridge Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet. The Rolling Department received 2,400 tons from the Casting Department. During July, the Rolling Department completed 2,200 tons, including 300 tons of work in process on July 1. The ending work in process Inventory on July 31 was 500 tons. How many tons were started and completed during July? BE 17-3 Equivalent units of materials cost Obj. 2 The Rolling Department of Oak Ridge Steel Company had 300 tons in beginning work in pro cess inventory (25% complete) on July 1. During July, 2,200 tons were completed. The ending work in process inventory on July 31 was 500 tons (90% complete). What are the total equiva lent units for direct materials for July if materials are added at the beginning of the process BE 17.4 Equivalent units of conversion costs Obj. 2 The Rolling Department of Oak Ridge Steel Company had 300 tons in beginning work in process inventory (25% complete) on July 1. During July, 2,200 tons were completed. The ending work in process inventory on July 31 was 500 tons (40% complete). What are the total equivalent units for conversion costs SHOW ME HOW Chapter 17 BE 17-1 Cost per equivalent unit Obi:2 The cost of direct materials transferred into the line Department of Oak Ridge com pany is 1432.000. The conversion cost for the period in the Rolling Department 1144.150 The total equivalent units for direct materials and conversion are 2.400 tons and 2.525 ton, respectively. Determine the direct materials and conversion costs per equivalent unit BE 17-6 Cost of units transferred out and ending work in process Ob 2 The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak Ridge Steel Company are $180 and $62, respectively. The equivalent units to be used costs are as follow Equivalent Units Direct Materials Cowersion Inventory in process, July 1 Started and completed during July 1.900 1,900 Transferred out of Rolling completed) Inventory in process, July 31 Total units to be assigned costs 2.325 The beginning work in process inventory on July 1 had a cost of $10.000. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department.. BE 17.7 Process cost joumal entries Obj. 3 In July, the cost of materials transferred into the Rolling Department from the Casting Depart- ment of Oak Ridge Steel Company is $432,000. The conversion cost for the period in the Roll- in Department is $144.150 (354,700 factory overhead applied and $89.450 direct labor)"The total cost transferred to Finished Goods for the period was $553,750. The Rolling Department had a beginning inventory of $80,000. A. Journalize (1) the cost of transferred-in materials, (2) the conversion costs, and (3) the costs transferred out to Finished Goods B. Determine the balance of Work in Process --Rolling at the end of the period. BE 17-8 Analyzing changes in unit costs obj. 4 The costs of materials consumed in producing good units in the Forming Department of Thomas Company were $76,000 and $77,350 for September and October, respectively. The number of equivalent units produced in September and October was 800 tons and 850 tons, respectively. Evaluate the change in the cost of materials between the two months. SHOW ME ON THHHHHHHHHHHJJ # #

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