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Physical Flow, Equivalent Units, Unit Costs, No Beginning WIP Inventory, Activity-Based Costing, DBC Required: 1. Prepare a physical flow schedule. If an answer is zero,
Physical Flow, Equivalent Units, Unit Costs, No Beginning WIP Inventory, Activity-Based Costing, DBC Required: 1. Prepare a physical flow schedule. If an answer is zero, enter "0". 2. Calculate equivalent units of production for: 3. Calculate unit costs for the following. Round your answers to the nearest cent. 4. Provide the following information: a. The total cost of units tansferred out 5 b. The joumal entry for transferring costs rrom Plate Cutting to Welding c. The cost assigned to units in ending inventory. Round vour answers to the nearest cent. 5. Suppose the plant manager asked the following questions: a. What is the actual cycle time for the conversion cost output for the plate subassembly (round to four decimal places)? hours per unit b. What is the conversion cost rate for the first quarter, using total conversion costs and total time (round to the nearest cent)? per hour c. What is the conversion cost per unit, using duration-based costing (round to the nearest cent)? The first three calculations are in nature. The last calculation has elements of
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