Question
Show all work please Boom Boom, Ltd. is a manufacturer that uses a process costing system and the weighted average method to calculate costs. The
Show all work please
Boom Boom, Ltd. 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 firms Cutting department:
Units: |
|
Beginning WIP inventory (100% complete as to materials and 55% complete as to conversion costs) | 75,000 |
Units started during the current period | 141,000 |
Units completed and transferred out to the next department during the period | 120,000 |
Ending WIP inventory (80% complete as to materials and 50% complete as to conversion costs) | 96,000 |
Costs: |
|
Beginning WIP inventory, direct materials costs | $35,000 |
Beginning WIP inventory, conversion costs | $43,500 |
Direct materials costs incurred during the current period | $177,500 |
Conversion costs incurred during the current period | $318,900 |
Calculate the equivalent units of production (EUP) with respect to conversion costs.
a. 196,800
b. 108,000
c. 216,000
d. 140,400
e. 168,000
2.
LowLowLow, Corp. 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:
How many total boxes must the firm sell in order to break-even (round up to the nearest whole unit)? a. 57,880 b. 14,842 c. 59,365 d. 52, 619 e. 55,548 | ||||||||||||||||||||||||||||||||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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