Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help!! above data deter x + gnment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Book Show Me How Calculator costs per Equivalent Unit The following information concerns production in the Baking

please help!! image text in transcribed
above data deter x + gnment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Book Show Me How Calculator costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production ACCOUNT Work in Process Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 8, 100 units, 4/5 completed 19,440 31 Direct materials, 145,800 units 262,440 281,880 31 Direct labor 74,830 356,710 31 Factory overhead 42,098 398,808 31 Goods finished, 147,600 units 383,436 15,372 31 Bal., 7 units, 4/5 completed 15,372 3. Based on the above data, determine each cost listed below. Round "cost per equivalent unit answers to the nearest cent. Direct materials cost per equivalent unit Conversion cost per equivalent unit Cost of the beginning work in process completed during December Cost of units started and completed during December 5. Cost of the ending work in process aterials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease or remain the same in December? b. Assuming that the direct Increase v (previous N All work saved Submit Aigment above data deter x + gnment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Book Show Me How Calculator costs per Equivalent Unit The following information concerns production in the Baking Department for December. All direct materials are placed in process at the beginning of production ACCOUNT Work in Process Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Dec. 1 Bal., 8, 100 units, 4/5 completed 19,440 31 Direct materials, 145,800 units 262,440 281,880 31 Direct labor 74,830 356,710 31 Factory overhead 42,098 398,808 31 Goods finished, 147,600 units 383,436 15,372 31 Bal., 7 units, 4/5 completed 15,372 3. Based on the above data, determine each cost listed below. Round "cost per equivalent unit answers to the nearest cent. Direct materials cost per equivalent unit Conversion cost per equivalent unit Cost of the beginning work in process completed during December Cost of units started and completed during December 5. Cost of the ending work in process aterials cost is the same for November and December, did the conversion cost per equivalent unit increase, decrease or remain the same in December? b. Assuming that the direct Increase v (previous N All work saved Submit Aigment

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_2

Step: 3

blur-text-image_3

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

Financial Analysis And Decision Making

Authors: David E. Vance

1st Edition

0071406654, 9780071406659

More Books

Students also viewed these Accounting questions