Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help find my mistake thank you 2 Costs per Equivalent Unit The following information concerns production in the Baking Department for Horch. All direct

please help find my mistake
thank you
image text in transcribed
2
image text in transcribed
Costs per Equivalent Unit The following information concerns production in the Baking Department for Horch. All direct materials are placed in process of the beginning of production ACCOUNT Work in Process Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Mat 1 Bab, 5,400 units, 4/5 completed 10,906 31 Direct materials, 97,200 units 145,800 156,700 31 Direct labor 42.900 199,603 31 Factory overhead 24,132 223,740 31 Goods finished, 98,400 units 216,264 7.476 31 Bal units, 2/5 completed 7,476 a. Based on the above data, determine each cost listed below. Round cost per equivalent unit answers to the nearestent 1. Duect materials cost per equivalent unit 1.50 2. Conversion cost per equivalent un 0.70 3. Cost of the beginning work in process completed during March 756 X 4. Cost of units started and completed daning March 204,600 5. Cost of the ending work in process 7,476 b. Assuming that the direct matenas cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease or renthe same in March Increase Previous Next Check My Work Costs per Equivalent U The following formation concerns production in the Baking Department for March All direct materials are placed in process at the beginning of production ACCOUNT Work in Process Making Department ACCOUNT NO. Date Item Balance Debit Credit Debit Credit Mar 1 Bali. 7.500 units, 2/5 completed 13,950 31 Direct materials, 135,000 units 216,000 229,950 31 Direct labor 60,960 290,910 31 Factory overhead 34,296 325,206 31 Goods finished, 136,800 units 314,490 10,716 31 Bal 7 units, 2/5 completed 10,716 a. Based on the above data, determine cach cost listed below. Round cost per equivalent unt" answers to the nearest cont 1.60 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit 0.70 Cost of the beginning work in process completed during March 18,810 X 4. Cost of units started and completed during March 297,390 5. Cost of the ending work in process 10,716 b. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease or remaithe same in March? Increase Previous Next

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

Step: 3

blur-text-image

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

Statistical Audit Automation The Principles Of Statistical Sampling Of Business Accounts

Authors: Nathan Poeschl

1st Edition

B0B17YP1SR, 979-8829041991

More Books

Students also viewed these Accounting questions

Question

Describe your ideal working day.

Answered: 1 week ago