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Physical Flow, Equivalent Units, Unit Costs, No Beginning WIP Inventory, Activity - Based Costing, DBC McKay, Inc., produces a subassembly used in the production of
Physical Flow, Equivalent Units, Unit Costs, No Beginning WIP Inventory, ActivityBased Costing, DBC
McKay, Inc., produces a subassembly used in the production of hydraulic cylinders. The subassemblies are produced in three departments: Plate Cutting, Rod Cutting, and Welding. Materials are added at the beginning of the process. Overhead is applied using the following drivers and activity rates:
Driver Rate Actual Usage
by Plate Cutting
Direct labor cost of direct labor $
Inspection hours $ per hour hours
Number of moves $ per move moves
During the first quarter, the Plate Cutting Department used hours direct indirect, and machine hours to produce the quarter's output. Other quarterly data for the Plate Cutting Department are as follows:
Beginning work in process, January
Units started
Direct materials cost $
Units, ending work in process
materials; conversion March
Required:
Question Content Area
Prepare a physical flow schedule. If an answer is zero, enter
blank
McKay, Inc.
Physical flow schedule
Units to account for: blank
Units, beginning WIP
Units, beginning WIP
Units started
Units started
Total units to account for fill in the blank bdb
Units accounted for: blank
Units completed
Units completed
Units, ending WIP
Units, ending WIP
Total units accounted for fill in the blank bdb
Feedback Area
Feedback
A physical flow schedule shows the units to account for and what happened to them.
Question Content Area
Calculate equivalent units of production for:
Equivalent Units
a Direct Materials fill in the blank ffcdee
b Conversion Costs fill in the blank ffcdee
Calculate unit costs for the following.
a Direct materials $fill in the blank ffcdee
per unit
b Conversion costs fill in the blank ffcdee
per unit
c Total manufacturing $fill in the blank ffcdee
per unit
Provide the following information:
a The total cost of units transferred out
$fill in the blank ffcdee
Question Content Area
b The journal entry for transferring costs from Plate Cutting to Welding
blank
Work in ProcessWelding
Work in ProcessPlate Cutting
Question Content Area
c The cost assigned to units in ending inventory.
$fill in the blank bcbdf
Question Content Area
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
b What is the conversion cost rate for the first quarter, using total conversion costs and total time round to the nearest cent
c What is the conversion cost per unit, using durationbased costing round to the nearest cent
d According to production engineering, if efficiency were increased to an ideal level, then the cycle time should be hours. If this were to occur, what would the cost per plate beround to the nearest cent
Please Answer question AD For me
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