Question
Question 4 Not complete Marked out of 30.00 Flag question Cost of Production Report: No Beginning Inventories Oregon Paper Company produces newsprint paper through
Question 4 Not complete Marked out of 30.00 Flag question Cost of Production Report: No Beginning Inventories Oregon Paper Company produces newsprint paper through a special recycling process using scrap paper products. Production and cost data for October 2009, the first month of operations for the company's new Portland plant, follow: Units of product started in process during October 90,000 tons Units completed and transferred to finished goods 75,000 tons Machine hours operated Direct materials costs incurred Direct labor costs incurred 10,000 $495,000 $182,055 Raw materials are added at the beginning of the process for each unit of product produced, and labor and manufacturing overhead are added evenly throughout the manufacturing process. Manufacturing overhead is applied to Work-in-Process at the rate of $24 per machine hour. Units in process at the end of the period were 65 percent converted. Prepare a cost of production report for Oregon Paper Company for October. Round answers to the nearest whole number unless otherwise noted. Do not use negative signs with your answers.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started