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Please solve and help me understand managerial CONNECTICUT COMPANY ..... manufactures makes and sells pies. Here's how it works: Basically, they buy premade frozen pies,

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CONNECTICUT COMPANY ..... manufactures makes and sells pies. Here's how it works: Basically, they buy premade frozen pies, add materials in the form of their own patented icing and spice coating. The conversion consists of a defrost/baking assembly line. Upon completion the move to the boxing department. Case One: For a moment, let's assume that the special spices are sprinkled in evenly as the baking is taking place. At the start of the period, there were 20,000 ples still in process which were already 25% complete. These pies had costs of $42,776 associated with them. 85,000 new pies entered were started during the period. At the end of the period, 12,000 pies were in process, 70% complete. $160,024 of costs where incurred during the current period. The total costs to account for, therefore, were $202,800. Questions: 1) Complete an accounting for the PHYSICAL units (part 1 of production report). How many PHYSICAL UNITS need to be accounted for? If 12,000 were still in EWIP, how many were finished? Of the ones that were finished, how many were from the BWIP? How many were also started during the period? 2) Compute the equivalent units of production for the period. In other words, IN TERMS OF WHOLE PIES, how much work did we ACTUALLY do (not physical units). 3) Before we allocate any costs, we have a total of $202,800 that must go to either one of 2 different places... where are these costs going? (what are the cost objects?) 4) How much of the $202,800 can we TRACE directly to one of the cost objects? How much is left that needs to be allocated? 5) What was the unit cost of a WHOLE ple for the period? (Cost per equivalent unit) 6) Let's apply the rate. How many equivalent units in the EWIP? How much cost goes there? How many equivalent units were completed and transferred out? How much cost is allocated there

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