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And them and one conversion costi pool. The following 50 000 eted and transferred to refining department $250,000 Chemical 70.000 Conversion costs 135.000 Chemical X is introduced at the start of operations in the micing department, and chemical Y is added when the product is three fourths completed in the mining department Conversion costs are added evenly during the process. The ending work in process in the mixing department is two-thirds complete Required: Compute the equivalent units in the mixing department for July 2018 for each cost category (10 marks b. Compute the cost of goods completed and transferred to the refining department during July (10 marks Compute the cost of work in process as of July 31, 2018 (10 marks) (Total 30 marks) END The le coppervers 11 300 100 100 53.700 Required Calculate the number of package tours that must be sold to break even 110 mars Calculate the revenue needed to eam a target operating income of 591,000 110 mars fixed costs increase by $32,000, what decrease in variable cost per person must be achieved to maintain the breakeven point calculated in parta? 110 marks Total 30 marks dent and an assembly department is job enes de materials and direct manufacturing te verheads pools the machining department te based on actual machine hours and the assembly woted to jobs based on actual direct manufacturing labor in overhead Det manufacturing labor costs De manufacturing labor hours Machine-hours Machining Department $1,800,000 51.400.000 100.000 50.000 Assembly Department 53600,000 52.000.000 200.000 200.000 Required Compute the budgeted manufacturing overhead rate for each department (5 marks During February, the job-cost record for lob 496 contained the following: Manufacturing overhead Direct manufacturing labor costs Direct manufacturing labor hours Machine-hours Machining Department $45.000 $14,000 1000 2.000 Assembly Department $70,000 $15.000 1.500 1.000 Compute the total manufacturing overhead costs allocated to lob 494 15 mars At the end of 2018, the actual manufacturing overhead costs were $2,100,000 in machining and $3,700,000 assembly Assume that $5,000 cm machine hours were used in machining and that actual direct manachuring labor costs in assembly were $2.200,000. Compute the over or under located manufacturing overhead for each department. now cost the machining department edo based on actual direct manalecturing labor Machining Department 51.800.000 $1,600,000 100.000 50.000 Assembly Department 53.600.000 $2.000.000 200.000 200.000 manufacturing boots manufacturing labor hours Machine hours Hequired Compute the budgeted manufacturing overhead rate for each department (5 mars b. During February, the job-cost record for Job 494 contained the following Assembly Department $70.000 Machining Department $45.000 $14,000 1.000 2.000 Manufacturing overhead Direct manufacturing labor costs Direct manufacturing labor hours Machine hours 1500 Compute the total manufacturing overhead costs allocated to job 434 At the end of 2018, the actual manufacturing overhead costs were 52,100,000 in machining and $3,700,000 in assembly Assume that 55.000 actual machine hours were used in machining and that actual direct manufacturing labor costs in assembly were $2,200,000 Compute the over- or under located manufacturing overhead for each department MC 2018-2020 Semester Memes Food 56 pet Fede: S4000 per The CP has allowed the caterer, who is now in business to lace business cardson eachable as a form of advertising This has proven quite effective, and the caterer CP a discount of 5 perust in exchange for allowing the caterer to advertise Required Draw aram depicting feed costs, variable costs, and the total nettosto cach event versus the number of guests Suppose 150 persons attend the next event. Compute the total net cot and the cost per atende (5 mars Suppose instead that 200 persons attended. Compute the total net cast and cost per attendee 15 mars How should change customers for its event organin vices? toplan briefly Total 20 marie And them and one conversion costi pool. The following 50 000 eted and transferred to refining department $250,000 Chemical 70.000 Conversion costs 135.000 Chemical X is introduced at the start of operations in the micing department, and chemical Y is added when the product is three fourths completed in the mining department Conversion costs are added evenly during the process. The ending work in process in the mixing department is two-thirds complete Required: Compute the equivalent units in the mixing department for July 2018 for each cost category (10 marks b. Compute the cost of goods completed and transferred to the refining department during July (10 marks Compute the cost of work in process as of July 31, 2018 (10 marks) (Total 30 marks) END The le coppervers 11 300 100 100 53.700 Required Calculate the number of package tours that must be sold to break even 110 mars Calculate the revenue needed to eam a target operating income of 591,000 110 mars fixed costs increase by $32,000, what decrease in variable cost per person must be achieved to maintain the breakeven point calculated in parta? 110 marks Total 30 marks dent and an assembly department is job enes de materials and direct manufacturing te verheads pools the machining department te based on actual machine hours and the assembly woted to jobs based on actual direct manufacturing labor in overhead Det manufacturing labor costs De manufacturing labor hours Machine-hours Machining Department $1,800,000 51.400.000 100.000 50.000 Assembly Department 53600,000 52.000.000 200.000 200.000 Required Compute the budgeted manufacturing overhead rate for each department (5 marks During February, the job-cost record for lob 496 contained the following: Manufacturing overhead Direct manufacturing labor costs Direct manufacturing labor hours Machine-hours Machining Department $45.000 $14,000 1000 2.000 Assembly Department $70,000 $15.000 1.500 1.000 Compute the total manufacturing overhead costs allocated to lob 494 15 mars At the end of 2018, the actual manufacturing overhead costs were $2,100,000 in machining and $3,700,000 assembly Assume that $5,000 cm machine hours were used in machining and that actual direct manachuring labor costs in assembly were $2.200,000. Compute the over or under located manufacturing overhead for each department. now cost the machining department edo based on actual direct manalecturing labor Machining Department 51.800.000 $1,600,000 100.000 50.000 Assembly Department 53.600.000 $2.000.000 200.000 200.000 manufacturing boots manufacturing labor hours Machine hours Hequired Compute the budgeted manufacturing overhead rate for each department (5 mars b. During February, the job-cost record for Job 494 contained the following Assembly Department $70.000 Machining Department $45.000 $14,000 1.000 2.000 Manufacturing overhead Direct manufacturing labor costs Direct manufacturing labor hours Machine hours 1500 Compute the total manufacturing overhead costs allocated to job 434 At the end of 2018, the actual manufacturing overhead costs were 52,100,000 in machining and $3,700,000 in assembly Assume that 55.000 actual machine hours were used in machining and that actual direct manufacturing labor costs in assembly were $2,200,000 Compute the over- or under located manufacturing overhead for each department MC 2018-2020 Semester Memes Food 56 pet Fede: S4000 per The CP has allowed the caterer, who is now in business to lace business cardson eachable as a form of advertising This has proven quite effective, and the caterer CP a discount of 5 perust in exchange for allowing the caterer to advertise Required Draw aram depicting feed costs, variable costs, and the total nettosto cach event versus the number of guests Suppose 150 persons attend the next event. Compute the total net cot and the cost per atende (5 mars Suppose instead that 200 persons attended. Compute the total net cast and cost per attendee 15 mars How should change customers for its event organin vices? toplan briefly Total 20 marie