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Question 1: Company A produces X, Y and Z. In the current period Company A produced 100.000 X, 180.000 Y and 150.000 Z. Manufacturing
Question 1: Company A produces X, Y and Z. In the current period Company A produced 100.000 X, 180.000 Y and 150.000 Z. Manufacturing requirements and unit costs are given below: Question 2: Calculate Costs of Ending WIP Inventory-Shaping, Ending WIP Inventory-Insertion and Finished Goods Inventory (45 pts) Manufacturing Input Direct Material Direct Labor X 8 m Y 6 m 4 m Units Costs 150 TL/m 7 hours 4 hours 5 hours 80 TL/hour Manufacturing Overhead Expense is 217.000.000 TL and will be allocated to products based on Direct Labor Hour. Required: a) What is manufacturing overhead allocation rate? (5pts) b) What is the unit manufacturing cost of each product? (25pts) Data for December Shaping Department Insertion Department Units: Beginning Work in Process 8.000 units Inventory Production started 30.000 units Transferred in From Previous Department Completed Units 25.000 units 30.000 units Ending WIP Inv. Completed as to Direct Material 5.000 units % 60 3.000 units % 50 Completed as to Conversion Work % 80 % 60 Costs: Beginning Work in Process $39.500 Inventory Transferred in from Previous Department Direct Materials Added $112.000 $ 94.500 Conversion Costs Added $87.000 $ 79.500
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