Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 4 Oh My Heart, Co. is a manufacturer that uses a process costing system and the weighted average method to calculate costs. The following

image text in transcribed

QUESTION 4 Oh My Heart, Co. is a manufacturer that uses a process costing system and the weighted average method to calculate costs. The following information is available for the current period for the firm's Cutting department: Units: 75,000 141.000 Beginning WIP inventory (100% complete as to materials and 55% complete as to conversion costs) Units started during the current period Units completed and transferred out to the next department during the period Ending WIP inventory (80% complete as to materials and 50% complete as to conversion costs) 120,000 96,000 Costs: $35,000 $43,500 Beginning WIP inventory, direct materials costs Beginning WIP inventory, conversion costs Direct materials costs incurred during the current period Conversion costs incurred during the current period $177,500 $318,900 Calculate the equivalent units of production (EUP) with respect to direct materials. a. 140,400 b. 168,000 C. 216,000 d. 172,800 oe. 196,800 QUESTION 5 P.S., Co. sells four types of frozen burgers: turkey, beef, veggie, and salmon. Sales volume, sales price, and variable cost information for each product is as follows: Turkey Beef Veggie Salmon Sales volume (boxes) 5,000 800 200 Sales price per box $8.00 $9.00 S6.00 $12.00 VC per box $3.50 $4.00 $2.00 S6.00 4,000 Total fixed costs for the firm: $420,000 How many total boxes must the firm sell in order to break-even (round up to the nearest whole unit)? O a. 86,154 ob. 21,539 C. 84,000 d. 8 88,608 o e. 93,334

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 Accounting

Authors: Alan Melville

2nd Edition

0273634399, 978-0273634393

More Books

Students also viewed these Accounting questions

Question

Describe how to distinguish needs from wants.

Answered: 1 week ago