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please help with all these question! just do the first questions on each page gahgs all i need! Furniture Inc. has two departments, Assembly and
please help with all these question!
just do the first questions on each page gahgs all i need!
Furniture Inc. has two departments, Assembly and finishing. All materials are added at the beginning of the production process, while conversion costs are incurred evenly throughout the process. The Inventary as of August 1 had a cost of $7,000. The Assembly Department has 3,600 tables in process at the beginning of August, and 2,100 at the end of August. Assembly transferred 5.500 tables to the Finishing department during the month. The inventory in process as of August 1is 30% complete, and the inventory in process at the end of August is 40% complete. During August, Furniture inc allocated $11,975 of direct labor and $15,000 of direct materials to the Assembly Department. The company applied $3,800 of factory overhead to the Assembly Department Step 1 1. Determine the number of tables started and completed during August 2. Determine total units to assign costs Step 2 3. Determine the direct materials equivalent units 4. Determine the conversion equivalent units Step 3 - round to the nearest cent Determine the direct materials cost per equivalent unit 6. Determine the conversion cost per equivalent unit Step 4 7. Determine the costs incurred in the assembly department to be allocated to ending inventory in process 8. Determine goods completed and transferred to the finishing department Cost of production Report 9. Determine the costs incurred during period to be included in the cost of reduction report Use rounded "per equiem 7. Determine the costs incurred in the assembly department to be allocated to ending inventory in process. 8. Determine goods completed and transferred to the finishing department Cost of Production Report 9. Determine the "costs incurred during period to be included in the cost of production report, Use rounded "per equivalent units" amounts from Step 3. Costs Comen Total Cost per EU: Total costs for period Department Total EU Cost per equiv unit DM Costs assigned to mbing Beginning WIP Costs incurred during period Total costs accounted for $ Hulsey Coffee Co. allocates factory overhead using a single plantwide overhead rate based on direct labor hours. The company estimates that direct labor costs will be $144,000 and factory overhead costs will be $84,000. Employees are paid $12.00 an hour. To produce the 6,500 units of the Standard Coffee, the company requires 5,000 direct labor hours, while 11,000 units of Deluxe Coffee requires 10,400 direct labor hours. 1. Calculate the plantwide overhead rate. 2. Determine the factory overhead allocated to Standard Coffee. 3. Determine the factory overhead allocated to Deluxe Coffee. 4. Determine the per unit factory overhead to allocate to Standard Coffee. 5. Determine the per unit factory overhead to allocate to Deluxe Coffee. Blair Designs plans to allocate factory overhead based upon a departmental rate for the Sewing and Packaging Departments. The company expects to incur total overhead costs of $46,000, of which management expects 75% to be incurred by the Sewing Department and 25% to be incurred by the Packaging Department. Blair makes two products: Solid and Print. Use the following information for problems 6 and 7. Solid Print Sewing (direct labor hours) 2,825 5,800 Packaging (machine hours) 900 1,100 6. Calculate the departmental overhead rates, 7. Calculate the factory overhead to be allocated to each product line. Solid Print Sewing (direct labor hours) 2,825 5,800 Packaging (machine hours) 900 1,100 6. Calculate the departmental overhead rates, 7. Calculate the factory overhead to be allocated to each product line. 8. In your own words, explain cost distortion. Give an example that includes a discussion of single plantwide, departmental, and activity-based costing. 9. Define and explain activity-based costing. Furniture Inc. has two departments, Assembly and finishing. All materials are added at the beginning of the production process, while conversion costs are incurred evenly throughout the process. The Inventary as of August 1 had a cost of $7,000. The Assembly Department has 3,600 tables in process at the beginning of August, and 2,100 at the end of August. Assembly transferred 5.500 tables to the Finishing department during the month. The inventory in process as of August 1is 30% complete, and the inventory in process at the end of August is 40% complete. During August, Furniture inc allocated $11,975 of direct labor and $15,000 of direct materials to the Assembly Department. The company applied $3,800 of factory overhead to the Assembly Department Step 1 1. Determine the number of tables started and completed during August 2. Determine total units to assign costs Step 2 3. Determine the direct materials equivalent units 4. Determine the conversion equivalent units Step 3 - round to the nearest cent Determine the direct materials cost per equivalent unit 6. Determine the conversion cost per equivalent unit Step 4 7. Determine the costs incurred in the assembly department to be allocated to ending inventory in process 8. Determine goods completed and transferred to the finishing department Cost of production Report 9. Determine the costs incurred during period to be included in the cost of reduction report Use rounded "per equiem 7. Determine the costs incurred in the assembly department to be allocated to ending inventory in process. 8. Determine goods completed and transferred to the finishing department Cost of Production Report 9. Determine the "costs incurred during period to be included in the cost of production report, Use rounded "per equivalent units" amounts from Step 3. Costs Comen Total Cost per EU: Total costs for period Department Total EU Cost per equiv unit DM Costs assigned to mbing Beginning WIP Costs incurred during period Total costs accounted for $ Hulsey Coffee Co. allocates factory overhead using a single plantwide overhead rate based on direct labor hours. The company estimates that direct labor costs will be $144,000 and factory overhead costs will be $84,000. Employees are paid $12.00 an hour. To produce the 6,500 units of the Standard Coffee, the company requires 5,000 direct labor hours, while 11,000 units of Deluxe Coffee requires 10,400 direct labor hours. 1. Calculate the plantwide overhead rate. 2. Determine the factory overhead allocated to Standard Coffee. 3. Determine the factory overhead allocated to Deluxe Coffee. 4. Determine the per unit factory overhead to allocate to Standard Coffee. 5. Determine the per unit factory overhead to allocate to Deluxe Coffee. Blair Designs plans to allocate factory overhead based upon a departmental rate for the Sewing and Packaging Departments. The company expects to incur total overhead costs of $46,000, of which management expects 75% to be incurred by the Sewing Department and 25% to be incurred by the Packaging Department. Blair makes two products: Solid and Print. Use the following information for problems 6 and 7. Solid Print Sewing (direct labor hours) 2,825 5,800 Packaging (machine hours) 900 1,100 6. Calculate the departmental overhead rates, 7. Calculate the factory overhead to be allocated to each product line. Solid Print Sewing (direct labor hours) 2,825 5,800 Packaging (machine hours) 900 1,100 6. Calculate the departmental overhead rates, 7. Calculate the factory overhead to be allocated to each product line. 8. In your own words, explain cost distortion. Give an example that includes a discussion of single plantwide, departmental, and activity-based costing. 9. 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